Income Tax (Amendment) Act 2014

Year of Act: 
Number of Act: 
Date of promulgation: 
13 June 2014
Date of commencement: 
01 April 2014



Vol. 59                                  Friday -  13th June, 2014                                 No. 33


ACT NO.2  OF 2014

Income Tax (Amendment) Act, 2014


To amend the Income Tax Act, 19931  to adjust the tax rates prescribed  in the Second and Third Schedules.

Enacted by the Parliament of Lesotho.


Short title and commencement



1.         This Act may be cited as the Income Tax (Amendment) Act, 2014 and shall be considered to have come into operation on the 1st April, 2014.


Amendment of Second Schedule



2.          The Income Tax Act, 1993, (hereinafter  referred  to as "the Principal Act") is amended in the Second Schedule by deleting  "22%"  and "35%"  and substituting "20%"  and "30%", respectively.


Amendment of Third Schedule



3.          The Principal Act is amended in the Third Schedule by -



(a)        deleting items" 1" and "2" and substituting the following:



"1. Manufacturing Income 10%". (b)        renumbering item "3" as item "2".