• Lesotho launches Voluntary Disclosure Programme and increases VAT rate

Lesotho launches Voluntary Disclosure Programme and increases VAT rate

11 April 2018

The Minister of Finance, launched a Voluntary Disclosure Programme (VDP) on 6 February 2018 which grants amnesty from prosecution and the imposition of additional taxes on outstanding income tax and value added tax liabilities. The scope of the VDP covers tax liabilities from 1 April 2005.

The VDP took effect on 12 February 2018 and has no cut-off date.

The VAT rate in Lesotho increased from 14% to 15% to bring it into line with the VAT rate of South Africa. Source: IBFD