The Government of Lesotho has published the Budget Speech for the 2021/22 Fiscal Year, which was delivered in parliament by the Minister of Finance on 17 February 2021. The tax-related proposals in the Budget are relatively limited and include:

• Increasing the VAT rate on electricity from 9% to 10%;
• Curbing perpetual VAT refunds for mining companies due to zero-rating of mining exports;
• Introd…