REPORT ON VALUE ADDED TAX (REMISSION OF ADDITIONAL TAX AND PENAL TIES ) (VOLUNTARY DISCLOSURE ) REGULATIONS, 2018
THE PORTFOLIO COMMITTEE ON THE ECONOMIC AND DEVELOPMENT CLUSTER
National Assembly)’ P. 0. Box 190
Phone: +266-22323035 Fax: + 266 22310434
On Tuesday 24th April, 2018, the Hon. Minister for Finance tabled Value Added
Tax (Remission of Additional Tax and Penalties) (Voluntary Disclosure)
Regulations 2018 in the House. The Regulations were referred to the Portfolio
Committee on the Economic and Development Cluster for consideration in
terms of Standing Order No.100 (3). The Committee invited the Ministry and
Lesotho Revenue Authority (LRA) to a briefing session in accordance with
Standing Order No. 101 (2).
The Committee, therefore, presents this report to the House for consideration .
- MINISTERIAL BRIEF
The Ministry indicated that the principle underlying this law is to encourage
taxpayers to voluntarily comply with their tax obligations without fear of
punishment for the past tax transgressions. In return the taxpayer will get
amnesty on additional tax and penalties, non-pursuance of prosecution,
opportunity to regularize tax affairs and start on a clean slate with the tax
They further clarified that once the law becomes operational, taxpayers who
have committed tax irregularities can disclose such information without fear of
being penalized, and it is also anticipated that this legislation will bring more
revenue into Government coffers which will be used for developmental needs
- Committee’s observations.
The Committee observed that there is a need for adequate dissemination of
information to taxpayers.
- Committee’s Decision
The Committee allowed the Regulations.
The Committee recommends the approval of these Regulations and the
adoption of this report by the House .
Members of the Committee
- Hon. S. T. Rapapa (chairperson)
- Hon. L. S. Litsoane
- Hon. L. R. Mahase
- Hon. S .D .Mangobe
- Hon. T. J. Sophonea
- Hon. M. J. Maime
- Hon. M. P. Maqelepo
- Hon. L. C. Hlomelang 9. Hon. L. K. Mokoma • 10.Hon. L. Moramotse
- Hon. M. Malefane
- Hon. M. C. Hlao
- Hon. T. T. Mosena
- Hon. M. R. Khati
- Hon. M. Hlalele
- Hon. P. D. Mafereka
- Hon. T. P. Mokeretla 18. Hon. N. Motsamai • 19. Hon. S. H. Sekatle 20. Hon. T. L. Mokhosi
- Hon. M. Tlali