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LS Tax 2024

iCalculator™ LS: Lesotho Tax Calculators

Welcome to iCalculator™ LS, your comprehensive suite of free tax calculators for Lesotho. iCalculator™ has provided free tax calculators for Lesotho since 2019. Since those early days we have extended our resources for Lesotho to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Lesotho Tax Calculator and salary calculators within our Lesotho tax section are based on the latest tax rates published by the Tax Administration in Lesotho. In this dedicated Tax Portal for Lesotho you can access:

Lesotho Tax Calculator 2024/25

The Lesotho Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Lesotho. This includes calculations for

  1. Employees in Lesotho to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Lesotho.
Lesotho Tax Calculator 2024
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Advanced Lesotho Salary Calculator 2024
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Discover Lesotho

Lesotho, a sovereign kingdom entirely surrounded by South Africa, is a unique geographical entity known as an enclave. Situated in the southern part of the African continent, it is distinguished by its high altitude, with much of the country lying above 1,000 meters. The Drakensberg and Maloti mountain ranges dominate the landscape, offering breathtaking scenery and a cooler climate compared to its surroundings. Lesotho's capital, Maseru, serves as the political, cultural, and economic hub of the country.

The economy of Lesotho is primarily based on agriculture, textiles, and remittances from citizens working abroad, particularly in South Africa. Agriculture employs a significant portion of the population, focusing on subsistence farming and livestock, though the sector is vulnerable to climatic variations. The textile and garment industry is a key export sector, benefiting from preferential access to U.S. markets under the African Growth and Opportunity Act (AGOA). Lesotho also relies heavily on water resources, engaging in the Lesotho Highlands Water Project, a large-scale water transfer plan supplying water to South Africa and generating hydroelectric power for local use.

Culturally, Lesotho is rich in traditions and heritage, with the Basotho people known for their distinctive dress, including the Basotho blanket, and their traditional hats called mokorotlo. The country celebrates a variety of cultural festivals, music, and dance that reflect its history and ethnic diversity. Sesotho and English are the official languages, facilitating a blend of local and global interactions.

Neighboring South Africa envelops Lesotho, influencing its economic, social, and political landscape. This singular border relationship underscores Lesotho's unique position in Africa and its interdependence with South Africa, impacting trade, employment, and bilateral relations.

Tax overview of Lesotho

Lesotho's tax system plays a critical role in financing the kingdom's public services and development projects. The system encompasses a variety of taxes, including income tax, corporate tax, value-added tax (VAT), customs and excise duties, and property taxes. Personal income tax in Lesotho is progressive, ensuring that individuals contribute to the nation's welfare based on their ability to pay. Corporate tax applies to the profits earned by businesses operating within the country, with specific incentives designed to encourage investment and growth in key sectors.

VAT is charged on most goods and services, providing a significant source of revenue for the government. It is designed to be broad-based, with certain exemptions to mitigate the tax burden on essential items. Customs and excise duties are levied on imported and specific locally produced goods, respectively, playing a crucial role in regulating trade and protecting local industries.

Property taxes are imposed on real estate ownership in Lesotho, contributing to local government financing. The tax system is administered with the aim of promoting economic stability, encouraging fair business practices, and supporting social services such as healthcare and education.

The government of Lesotho continuously works to enhance tax compliance and administration efficiency, recognizing the importance of taxation in achieving sustainable economic development and social equity. For detailed insights into Lesotho's tax system, including the latest tax tools and tables that assist in compliance and planning, our tax hub offers a comprehensive range of resources.