Ithakat&kan Holdings

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Ithakat&kan Holdings

Your trusted trade partner in Lesotho. Licensed clearing agents for import/export, foreign supplier representation, and sales services.

Connecting international manufacturers/wholesalers with local markets through efficient customs solutions.

06/10/2025

💡 Did You Know You Might Be Eligible for a TAX REFUND?

If you’re a VAT-registered taxpayer (vendor) and have paid more VAT than what you collected from your customers, you may be entitled to a refund from the Revenue Services Lesotho (RSL) — provided certain conditions are met.

✅ Make sure all your VAT returns and schedules are submitted.
✅ Provide supporting documents like tax invoices for verification.
✅ Your suppliers must be registered VAT vendors who have submitted their VAT returns and paid VAT to RSL.

⏳ Failure to meet these conditions may cause delays or rejection of your refund claim.

04/10/2025

💡 Understanding VAT in Lesotho

Do you know which products are taxable under Lesotho’s VAT system? 🤔

VAT (Value Added Tax) is charged at 15% on most goods and services in Lesotho. Some essentials are zero-rated or exempt, meaning you don’t pay VAT on them.

✅ Common taxable items:
📱 Electronics & appliances
👕 Clothing & furniture
🚗 Vehicles
🏠 Building materials
🍔 Processed foods & drinks

🚫 Zero-rated / exempt examples:
🥖 Basic food items (like bread, maize meal)
🏥 Health & education services
🚌 Public transport

If your business earns above the LRA registration threshold, you must register for VAT and file returns regularly.

Stay compliant. Stay informed. 💼

26/09/2025

What is Tax, and Why Do We Pay It? 🤔💰

Tax can seem complicated, but at its heart, it's the mandatory fee we pay to the government to fund the world around us! 🌍

It's not just a deduction; it's an investment in our society. Here’s a quick look at why it’s so beneficial:

Why Taxation is a Good Thing
Funds Our Essentials: Tax money is the primary source for public schools, hospitals, roads and bridges, and even police and fire services. We couldn't build or maintain these huge services alone!

Supports Everyone: Taxes help create a fairer society. Progressive tax structures (where higher earners pay a larger percentage) fund social safety nets and programs that support lower-income families, helping to reduce income inequality.

Shapes Our World: Governments use taxes to encourage or discourage certain actions. Think tax breaks for eco-friendly investments or "sin taxes" on things like to***co to offset health costs. It's a tool for better behavior!

The Social Contract: When we pay our share and see the benefits (like a new park or better healthcare), it builds trust and a strong community. We're all in this together! 🤗

Tax is the engine that keeps our community running!

24/09/2025

We're excited about yesterday's significant development! Revenue Services Lesotho (RSL) has officially signed a Memorandum of Understanding with the Federation of Agents of Foreign Firms (FAFF) at Victory Hall.
This partnership, building on the earlier AFFAL agreement, represents exactly the kind of collaborative approach that strengthens our trade ecosystem. As licensed clearing agents and foreign supplier representatives, we fully support initiatives that enhance compliance and transparency in cross-border trade.
Why This Matters for Trade:
✅ Enhanced system integration for smoother operations
✅ Improved data sharing for better compliance
✅ Strengthened revenue mobilization supporting economic growth
✅ Greater transparency benefiting all trade stakeholders
At Ithakat&kan Holding, we've always prioritized SACU compliance and regulatory adherence. This MoU reinforces the importance of working together—government, agents, and businesses—to create a transparent, efficient trade environment that benefits everyone.
We look forward to continuing our role in facilitating compliant, seamless trade operations that contribute to Lesotho's economic development and job creation for Basotho.

Address

Ha-Leqele
Maseru
100

Website

http://www.ithakatnkan.com/

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