{"id":19732,"date":"2022-09-08T08:34:08","date_gmt":"2022-09-08T08:34:08","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-rebrands-to-revenue-services-lesotho"},"modified":"2022-09-08T09:20:22","modified_gmt":"2022-09-08T09:20:22","slug":"lra-rebrands-to-revenue-services-lesotho","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-rebrands-to-revenue-services-lesotho","title":{"rendered":"LRA rebrands to Revenue Services Lesotho"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>THE Lesotho Revenue Authority (LRA) will starting this week be known as the Revenue Services Lesotho (RSL) following a rebranding exercise. The Commissioner of Client Service at the RSL, \u2019Mathabo Mokoko, said the rebranding journey started back in 2018.<\/p>\n

She said revenue from taxation and customs provides governments with the much needed funds to invest in development to relieve poverty and deliver public services and social infrastructures required to enhance long-term growth.<\/p>\n

\u201cIntegrated revenue administration models have the potential to bring crucial improvements and effectiveness of tax administration,\u201d Mokoko said.<\/p>\n

Mokoko said also considering the new and daunting challenges in the local, regional and global environment it has become imperative to shift focus from the legacy approach and onto the softer non-enforcement collecting functions for improved administration processes.<\/p>\n

\u201cThere is a dire need for a reform of the Lesotho revenue collection system for modernisation and to align with changes in the socio-economy,\u201d she said.<\/p>\n

Mokoko said the economy has become increasingly globalised with an increased amount of foreign investment and cross-border business transactions. She said regional integration and globalisation of the economy has expanded business activities.<\/p>\n

She said being faced with such a pace of globalisation tax, administrations need to deepen mutual understanding regarding international taxation standards including transfer pricing and tax treaties so that international businesses can be facilitated.<\/p>\n

\u201cIn order to provide a better environment in tax matters, global collaboration is critical and unavoidable,\u201d she said.<\/p>\n

\u201cIt is critical to create an environment for proper tax payment,\u201d she said.<\/p>\n

\u201cA strong and engaged private sector in cooperation with tax practitioners is indispensable to promote voluntary and by extension automatic tax compliance,\u201d she said.<\/p>\n

The General Commissioner of RSL, Thabo Khasipe, said this is the culmination of a five-year strategic plan to turn Lesotho Revenue Authority into Revenue Service.<\/p>\n

\u201cWe no longer want to be an authority anymore, we want to be service providers,\u201d Khasipe said. He said this will help them in improving their revenue collection and improve automotive compliance amongst others.<\/p>\n

Khasipe said for the past four consecutive years they have exceeded the revenue collection targets. He said in terms of Gross Domestic Product (GDP), the revenue authority has been performing so well which shows efficiency.<\/p>\n

He said in order to achieve more and meet the clients\u2019 needs, this calls for much collaboration with all the stakeholders and clients. The Minister of Finance, Thabo Sophonea, said the government is striving to mobilise greater tax revenue domestically by engaging the tax paying clients.<\/p>\n

He said their major goal is to foster an overall culture of compliance in which citizens see paying taxes as an integral aspect of their relationship with their government.<\/p>\n

Sophonea said as part of their plan to tackle the impact of Covid-19 which has already caused havoc to the economy, we should adopt this opportunity to reconfigure strategies that can expedite growth.<\/p>\n

\u201cRSL saw an opportunity in the negative view of the former organisation and are using it to their advantage,\u201d he said.<\/p>\n

He said through initiatives such as this one, the RSL sends a strong signal that Lesotho is open for business and investments that are mutually beneficial to create decent jobs and improve the livelihoods of Basotho.<\/p>\n

The Prime Minister Moeketsi Majoro said when the government signed off on the proposal to effect this change, they foresaw an organisation that could bring stability to the Lesotho tax framework.<\/p>\n

He said this stability will be critical for businesses and revenue collection resources as we emerge from the Covid-19 pandemic and other economic challenges.<\/p>\n

Majoro said good corporate governance has become an objective of every organisation to ensure its sustainability. He said as you embark on a new organisational culture of service, one has to keep in mind the critical importance of integrity.<\/p>\n

Majoro said clients and stakeholders are the ultimate beneficiaries of development that arises when the nation achieves financial independence. He said their role is examined by their participation to determine what improvements can be made by adopting modern and innovative mechanisms to collect enough revenue and reduce donor dependence.<\/p>\n

Therefore, he said partnerships with leading industry players will stand Basotho in good stead and help them keep up pace with today\u2019s rapid changes in the global economy and technological landscape, and thereby adapt towards swift service delivery and economic independence.<\/p>\n

He said through engagement RSL can keep abreast with the dynamic business environment and clients are able to share useful feedback about the quality of our services for continuous improvement.<\/p>\n

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

Africa-Press – Lesotho. THE Lesotho Revenue Authority (LRA) will starting this week be known as the Revenue Services Lesotho (RSL) following a rebranding exercise. The Commissioner of Client Service at the RSL, \u2019Mathabo Mokoko, said the rebranding journey started back in 2018. She said revenue from taxation and customs provides governments with the much needed […]<\/p>\n","protected":false},"author":84,"featured_media":19731,"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-19732","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 rebrands to Revenue Services Lesotho - Lesotho<\/title>\n<meta name=\"description\" content=\"THE Lesotho Revenue Authority (LRA) will starting this week be known as the Revenue Services Lesotho (RSL) following a r ...\" \/>\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-rebrands-to-revenue-services-lesotho\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LRA rebrands to Revenue Services Lesotho\" \/>\n<meta property=\"og:description\" content=\"THE Lesotho Revenue Authority (LRA) will starting this week be known as the Revenue Services Lesotho (RSL) following a r ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-rebrands-to-revenue-services-lesotho\" \/>\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=\"2022-09-08T08:34:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-08T09:20:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/09\/postQueueImg_9-6319b3b457f78.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\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=\"4 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-rebrands-to-revenue-services-lesotho#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-rebrands-to-revenue-services-lesotho\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"LRA rebrands to Revenue Services Lesotho\",\"datePublished\":\"2022-09-08T08:34:08+00:00\",\"dateModified\":\"2022-09-08T09:20:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-rebrands-to-revenue-services-lesotho\"},\"wordCount\":766,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-rebrands-to-revenue-services-lesotho#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/09\/postQueueImg_9-6319b3b457f78.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-rebrands-to-revenue-services-lesotho#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-rebrands-to-revenue-services-lesotho\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lra-rebrands-to-revenue-services-lesotho\",\"name\":\"LRA rebrands to Revenue Services Lesotho - 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