Direct taxation refers to taxes directly levied on an individual or business income. We assist you on registration of direct taxes. These taxes include Income Tax, Capital Gains Tax, Fringe Benefits Tax etc. We provide assistance on computations of taxes. In case of disputes, we accompany you in arguing with the Lesotho Revenue Authority.
A Tax Health Review is a check-up of the tax affairs of a business entity, which is intended to highlight potential weaknesses or risks arising from errors or
omissions in the business records and accounting systems, as well as identifying potential tax liabilities or refunds. It reports on whether the entity is sufficiently complying with tax laws and regulations. Clients may require this exercise to avoid surprise tax obligations which may come with expensive penalties even litigation. We recommend our tax clients to undertake this review annually.
Organisations in Lesotho may seek services of foreign staff and /or consultants. There are special provisions for taxation for individuals who temporarily of permanently reside in Lesotho. We provide advise to such individuals, also considering double taxation agreements and nature of income received.
We provide you with support with the tax aspects and complexities of cross border situations and transaction, dealing with tax controversies and helping you with tax planning. We provide guidance on transfer pricing situations.
Tax compliance is critical as this could lead to penalties and litigations leading to closure of the organisation. If directors of the company fail to ensure that compliance is done and the organization suffers fail as a result, the directors (Executive or Non Executive}, could be charged for gross negligence and/or recklessness and put their personal properties in danger of being use to pay for the organisation’s losses, including imprisonment. Non compliance with Tax could also ruin the reputation of the business, and losing supply chain relations (up or down stream), losing value etc. We walk with you in ensuring that we identify you filing requirements and also undertake your compliance on ad hoc or full outsourcing.
Tax strategies are dedicated to provide clients with the professional services and guidance in a wide range of financial and business needs, meant to reduce clients’ tax burden in a legal way. We assist clients to develop tax plans, including tax planning for retirement, high income earners, employee rewards, off-shore incomes etc
Intragroup transactions within the group or with the parent/holding company may attract taxations mainly for shared services, in various forms including management fees. These transactions must in the eyes of the tax authorities be fair and not be used as a way of tax evation or unduly reducing the tax burden from subsidiaries with high tax. We help to provide tax advise on these transactions, as to what is feasible under tax laws and what could create conflict with the law.
Indirect taxation refers to taxes which are ultimately paid for by another person. The body that collect the tax will then remit it to government, such taxes include Value Added Tax (VAT).