{"id":13210,"date":"2022-04-19T10:59:08","date_gmt":"2022-04-19T10:59:08","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2"},"modified":"2022-04-19T11:43:37","modified_gmt":"2022-04-19T11:43:37","slug":"lra-exceeds-target-by-10-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2","title":{"rendered":"LRA exceeds target by 10 %"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>Lesotho Revenue Authority (LRA) has exceeded the tax revenue target for the financial year 2021\/2022. The Authority has collected M7.3 billion against the target of M6.6 billion.<\/p>\n

This was revealed by the LRA Commissioner-General Thabo Khasipe in Maseru last week. Khasipe said the Authority has surpassed the target by a surplus of M638 million.<\/p>\n

Speaking at the event, the Minister of Finance Hon. Thabo Sophonea said \u201cthe reward for good work is more work\u201d adding that the country needs more funding to address<\/p>\n

the Covid-19 sponsored problems. \u201cI did mention in the budget speech that economic growth for 2022\/23 is projected to remain buoyant at 2.3 percent before expanding to 2.5 percent in 2023\/24 and<\/p>\n

averaging 2.8 percent over the medium\u2013term,\u201d he said. The LRA Chairperson of the board Robert Likhang said against the backdrop of the COVID-19 induced economic climate, LRA has \u201ccontinued to mobilize revenue<\/p>\n

sustaining a positive trajectory\u201d. Going forward, he said LRA plans to adopt advanced technologies to improve revenue collection. The Chairperson said LRA is vying for the adoption of advanced<\/p>\n

technologies that include systems automation, block-based technology, Artificial Intelligence (AI), machine learning and data mining. He added: \u201cThe good revenue performance reflects improving macroeconomic<\/p>\n

environment because of relaxation of Covid-19 containment measures, and sustained implementation of enhanced compliance efforts by the Authority. During<\/p>\n

the period under review, LRA implemented several revenue (sic) enhancement initiatives that enabled the Authority to enhance revenue collection. This was<\/p>\n

largely driven by enhanced compliance efforts through forged strategic partnerships and the implementation of new tax measures focused on ensuring that all taxpayers pay their dues.<\/p>\n

\u201d The Chairperson of the LRA board attributed the performance of LRA to its endeavour<\/p>\n

to enhance clients\u2019 service experience through digitization; enhanced dispute resolution processes, efficient trade facilitation, stakeholder engagement, tax<\/p>\n

base expansion and the capacity building of LRA staff. In 2020 LRA had missed its target owing to the outbreak of the COVID-19 pandemic that forced countries to introduce hard lockdowns that saw many economic activities<\/p>\n

halted. It was in the 2020\/2021 financial year that the Authority had redeemed itself by meeting and eventually exceeding its target by 13 percent. Also on<\/p>\n

this occasion, the Minster launched 2021\/2022 Income Tax Returns Filling Season. \u201cThe 1st of April marks the beginning of a period in our Tax Calendar, whereby<\/p>\n

taxpayers are required by law to submit income tax returns and pay taxes due by [the] 30th of June. I invite all resident and non-resident taxpayers; in their<\/p>\n

various categories: Large Businesses, Small and Medium Businesses, Partnerships, Sole Traders, Employees, and all individuals who have made and received an income in [the] 2021\/2022 financial year to fulfil their tax<\/p>\n

obligations by filing those income tax forms and paying taxes due by 30th June as required by the Income Tax Act,\u201d appealed the Minster. For the financial year 2022\/2023, LRA has been directed to collect revenue of over M8<\/p>\n

billion. Meanwhile, the Commissioner-General committed to achieving this target but cautioned it would not be a mean feat. LRA was established through Act No. 14 of 2001. It is amongst others charged with the mandate to \u201cenhance the efficiency and effectiveness of the revenue collection\u2026\u201d<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Lesotho Revenue Authority (LRA) has exceeded the tax revenue target for the financial year 2021\/2022. The Authority has collected M7.3 billion against the target of M6.6 billion. This was revealed by the LRA Commissioner-General Thabo Khasipe in Maseru last week. Khasipe said the Authority has surpassed the target by a surplus of […]<\/p>\n","protected":false},"author":84,"featured_media":13209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,246,245],"class_list":["post-13210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-lesotho"],"yoast_head":"\nLRA exceeds target by 10 % - Lesotho<\/title>\n<meta name=\"description\" content=\"Lesotho Revenue Authority (LRA) has exceeded the tax revenue target for the financial year 2021\/2022. The Authority has ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LRA exceeds target by 10 %\" \/>\n<meta property=\"og:description\" content=\"Lesotho Revenue Authority (LRA) has exceeded the tax revenue target for the financial year 2021\/2022. The Authority has ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-19T10:59:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-19T11:43:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"LRA exceeds target by 10 %\",\"datePublished\":\"2022-04-19T10:59:08+00:00\",\"dateModified\":\"2022-04-19T11:43:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2\"},\"wordCount\":531,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2\",\"name\":\"LRA exceeds target by 10 % - Lesotho\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg\",\"datePublished\":\"2022-04-19T10:59:08+00:00\",\"dateModified\":\"2022-04-19T11:43:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Lesotho Revenue Authority (LRA) has exceeded the tax revenue target for the financial year 2021\/2022. The Authority has ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg\",\"width\":720,\"height\":480,\"caption\":\"LRA exceeds target by 10 %\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/lesotho\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LRA exceeds target by 10 %\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#website\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/\",\"name\":\"Lesotho\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/lesotho\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LRA exceeds target by 10 % - Lesotho","description":"Lesotho Revenue Authority (LRA) has exceeded the tax revenue target for the financial year 2021\/2022. The Authority has ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2","og_locale":"en_US","og_type":"article","og_title":"LRA exceeds target by 10 %","og_description":"Lesotho Revenue Authority (LRA) has exceeded the tax revenue target for the financial year 2021\/2022. The Authority has ...","og_url":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2","og_site_name":"Lesotho","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-04-19T10:59:08+00:00","article_modified_time":"2022-04-19T11:43:37+00:00","og_image":[{"width":720,"height":480,"url":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"LRA exceeds target by 10 %","datePublished":"2022-04-19T10:59:08+00:00","dateModified":"2022-04-19T11:43:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2"},"wordCount":531,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg","keywords":["Africa Press","Africa Press-Lesotho","Lesotho"],"articleSection":["all news","economy","head lines","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2","url":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2","name":"LRA exceeds target by 10 % - Lesotho","isPartOf":{"@id":"https:\/\/www.africa-press.net\/lesotho\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg","datePublished":"2022-04-19T10:59:08+00:00","dateModified":"2022-04-19T11:43:37+00:00","author":{"@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Lesotho Revenue Authority (LRA) has exceeded the tax revenue target for the financial year 2021\/2022. The Authority has ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#primaryimage","url":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg","contentUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625ea04e2c432.jpg","width":720,"height":480,"caption":"LRA exceeds target by 10 %"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-exceeds-target-by-10-2#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/lesotho\/"},{"@type":"ListItem","position":2,"name":"LRA exceeds target by 10 %"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/lesotho\/#website","url":"https:\/\/www.africa-press.net\/lesotho\/","name":"Lesotho","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/lesotho\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts\/13210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/comments?post=13210"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts\/13210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/media\/13209"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/media?parent=13210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/categories?post=13210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/tags?post=13210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}