VATupdate

Share this post on

Lesotho Advances Toward E-Invoicing Implementation in Ambitious Tax Modernization Effort

E-invoicing system under development as part of tax modernization

  • Tax Modernization Initiative: Lesotho is developing an e-invoicing system as part of its tax modernization efforts, led by Revenue Services Lesotho and supported by the African Development Bank.
  • Comprehensive Coverage: The e-invoicing system will facilitate business-to-business, business-to-government, and business-to-consumer transactions, aiming to improve tax compliance and streamline VAT reporting.
  • Project Progress: Although still under development since the tender was issued in September 2022, the initiative signifies a substantial move towards digital transformation in Lesotho’s tax administration.

Source Pagero


  • Lesotho is preparing to implement electronic invoicing as part of a tax modernization plan.
  • The Revenue Services Lesotho is leading the project under the Ministry of Finance.
  • E-invoicing will be introduced for business-to-business-to-government and business-to-consumer transactions.
  • The African Development Bank is funding and supporting the project.
  • The process began in September 2022 with a tender for the Lesotho Tax Modernization Project.
  • The system is still under development with no official launch dates set yet.

Source: edicomgroup.com


  • Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

 

Sponsors:

Advertisements:

  • Exchange Summit
  • Pincvision