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