Lesotho Double Taxation Agreement Rates

Where a person other than a natural person resides in both Contracting States, the competent authorities shall determine by mutual agreement the place of residence of the person for the purposes of the Treaty. In the absence of an agreement, the person is not entitled to an exemption or exemption from the tax provided for in the agreement. PKF Africa Tax Guide 2018-19 Overview of corporate tax and regulatory systems covering important business areas in this region. The guides highlight taxes payable, determining taxable income, foreign tax breaks, withholding tax rates and other issues. Published by PKF in May 2018. Our specialized tax databases allow us to provide current and historical tax rates, comparative tables and country surveys. We have recent summaries of the most important facts, as well as detailed analyses of the tax system in countries around the world that cover corporate taxation, individual taxation, companies and investments. We have a collection of global double taxation treaties in English (and other languages, if available) to help members ask questions. If you are having trouble finding a contract, please call the application team on +44 (0) 20 7920 8620 or email us at library@icaew.com. Both countries use the imputation method to eliminate double taxation.

Provisions are also made for a parsimonious credit for taxes that have been paid, but an exemption or reduction has been granted in accordance with laws that set rules for the promotion of economic development. Tax Information Guide: Major Economies in Africa 2018 Overview of the Tax Environment and Investments in 44 Jurisconsultations across Africa, including this country. The guide contains income tax rates, withholding tax rates, a list of double taxation treaties, information on other taxes, investment incentives and important business data. Published by Deloitte in May 2018. The agreement entered into force in Lesotho on 1 January 1998 for income tax. It no longer entered into force at the time of entry into force of the 2016 agreement for the taxes in question and the tax year. EY Global Tax Guide Detailed guides that are compiled and updated annually by EY, which bring together the tax system and key tax issues in jurisdictions around the world, including: If you`re struggling to find the necessary information, ask the Library & Information Service. Contact us by e-mail at library@icaew.com or by webchat.

The contract provides that a permanent establishment is considered to be established when an enterprise provides services within a Contracting State by employees or other personnel engaged in the same or a related project for a period or period exceeding 90 days in a twelve-month period. The 1997 Guidelines for the Double Taxation Convention between Lesotho and the United Kingdom have been updated. There is an exception to this rule for certain pensions. For more information, see Article 28(4) of the 2016 Agreement. Articles are made available to ICAEW members, ACA students and other authorized users. On 24 June 2016, South Africa adopted Government Communication No. 749 resulting in the double taxation agreement (DBA) between the Republic of South Africa and the Kingdom of Lesotho entering into force on 27 May 2016. The Protocol to the Treaty, signed on the same day, provides that if Lesotho and another country conclude a tax treaty providing for a lower withholding tax rate in respect of Article 11 (interest), 12 (royalties) or 13 (technical royalties), that lower rate shall apply to the Lesotho-South Africa Agreement. . .