MASERU, Sept. 17 — Establishing businesses in the manufacturing and agriculture sectors remains one of the most recommended investment opportunities in Lesotho, the Revenue Services Lesotho (RSL) has said.
This was highlighted by Mr. Mohapi Motenalapi, Client Educator in the RSL Department of Marketing and Client Education, during a two-day capacity-building workshop for media practitioners held in Maseru from Tuesday.
In his presentation, Mr. Motenalapi explained that under Lesotho’s tax policy, businesses in manufacturing and agriculture are charged a reduced corporate tax rate of 10 percent, compared to the standard 25 percent applied to other sectors.
He said this incentive is designed to encourage investment and stimulate job creation, noting that it has helped the country attract textile, agricultural, and small-scale investments that broaden the national tax base.
Mr. Motenalapi further outlined that the most active revenue collection mechanisms employed by the RSL include employer-based systems such as Pay As You Earn (PAYE) and withholding taxes, as well as self-assessment systems and customs services.
The Revenue Services Lesotho (RSL) was established by Act of Parliament in 2001 and became operational in 2003 and is principally responsible for the assessment, collection and remittance to the Government of public revenues in Lesotho.
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