Officials from Lesotho and the UK signed a new income and capital tax treaty on 3 November 2016. Once in force and effective, the treaty will replace the 1997 tax treaty between the two countries. Taxes Covered The treaty covers Lesotho taxes imposed under the Income Tax Act, 1993 (Act No. 9 of 1993), and covers UK income tax, corporation tax, and capital gains tax. Residence If a company is considered resident in both Contracting States, the competent authorities will determine the company's residence for the purpose of the treaty through mutual agreement. If no agreement is reached, the company...