Lesotho Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Central Bank of Lesotho Capital Market Regulations, Central Bank of Lesotho's

Primary Legislation

Act No. 3 of 2012, Lesotho has never enacted a Securities Act, 2010, and licenses no trading platfo, Act 4 of 2008, Lesotho's financial sector is governed by the Financial Institutions Act, the Ce, No primary legislation, official gazette notice, or regulatory directive specifi, The Central Bank of Lesotho has not published any guidance, circular, or directi, Lesotho's general business registration requirements under the Companies Act app, The Financial Institutions Act in Lesotho covers traditional banks and financial, The Income Tax Act of Lesotho provides no specific provisions for digital assets, Lesotho has no dedicated cryptocurrency law, creating a complete legal vacuum fo, Lesotho's lack of FATF-aligned virtual asset regulation creates international co

Travel Rule

Not adopted

Tax Reporting

Revenue Services Lesotho has issued no guidance on cryptocurrency mining, and no crypto item appears in its legal-notices or publications indexes. Under the Income Tax Order 1993 the gross income of a resident taxpayer includes income from all geographical sources (s. 17(2)), a receipt in the form of property, services or another benefit is taken into account at its fair market value on the date it is taken into account for tax purposes (s. 65(1)), and chargeable income is calculated in maloti (s. 66(1)).. Revenue Services Lesotho has published no crypto-asset tax guidance and no Lesotho instrument classifies staking or lending rewards. Property income under s. 20 of the Income Tax Order 1993 covers dividends, interest, natural resource payments, rent, royalties and gains on the disposal of investment assets, and s. 65(1) takes a receipt in the form of property or services into account at its fair market value.. Lesotho's revenue authority is Revenue Services Lesotho, the successor to the Lesotho Revenue Authority, and Lesotho does not need a 'badges of trade' enquiry to tax crypto disposals: s. 59(1) of the Income Tax Order 1993 takes the gain or loss on the disposal of a business asset or an investment asset into account in determining chargeable income, whatever the frequency of trading, while business income under s. 19 covers the profits or gains arising from a business.. Cryptocurrency received as payment for goods or services in Lesotho falls to be taken into account at its fair market value under s. 65(1) of the Income Tax Order 1993, with chargeable income calculated in maloti under s. 66(1) and a resident taxed on income from all geographical sources under s. 17(2); Revenue Services Lesotho has published no crypto-asset tax guidance on crypto valuation or receipts.. Lesotho operates PAYE on employment income of resident individuals at 20% on the first M69,120 of chargeable income and 30% on the excess, with a personal tax credit of M10,824 a year or M902 a month, and s. 65(1) of the Income Tax Order 1993 takes a receipt in the form of property, services or another benefit into account at fair market value; no Revenue Services Lesotho instrument addresses payment of wages in cryptocurrency.

Key Facts

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