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Common Financial Frauds Schemes in Lesotho Exposed: Authorities Crack Down on Tax Dodgers

Revenue Services Lesotho has launched a crackdown on individuals and businesses that are dodging their tax obligations to clamp down on tax evasion and fraudulence. The agency is committed to fair administration of tax laws, ensuring that taxpayers pay only what they owe the government.

A Growing Concern

While most taxpayers are honest and willing to pay their fair share for government services, there are some who resort to fraudulent means to avoid paying taxes. This illegal activity must be stopped, say authorities.

Common Tax Fraud Schemes in Lesotho

Tax fraud schemes in Lesotho are rampant, with several common occurrences being reported:

• Intentionally failing to file income tax, VAT, and PAYE returns
• Making false or fraudulent claims for tax refunds
• Failing to maintain records that accurately reflect a business’s true income and expenses
• Opening and closing businesses solely to evade taxes

Reporting Suspected Fraudulent Activity

If you suspect any of these schemes are at play, there is a way to report them. The Investigations and Intelligence department of Revenue Services Lesotho can be contacted at PO Box 1085, Finance House, Maseru 100.

Working Together for a Stable Economy

Together, authorities and taxpayers can put an end to this criminal activity and ensure that Lesotho’s economy remains stable. Let’s work together to create a fair and transparent tax environment in Lesotho!