Attention PayBell Users: The Revenue Services Lesotho (RSL) has officially announced updates for the 2025-2026 financial year, introducing adjustments designed to improve tax efficiency. Below, we break down the critical changes and outline steps to ensure you maximize these benefits.
Key Updates in RSL’s 2025-2026 Revisions
1. Increased Tax Credit
The personal tax credit has risen to M970 (previously M920). This adjustment directly reduces your taxable income, allowing you to retain more of your earnings.
2. Adjusted Tax Threshold
The income tax threshold has been elevated to M6,170 (up from M5,875). This means you can earn more before moving into higher tax brackets, enabling smarter financial planning and increased savings.
Recommended Actions for PayBell Users
To align with these updates and optimize your payroll settings, follow these steps:
1. Review the Summary Video
A brief overview of the changes is available in our dedicated video guide. Watch it to quickly understand how these updates need to be adjusted.
2. Update Your Tax Settings
Ensure your PayBell account reflects the new tax credit and threshold values. Double-check your profile to avoid discrepancies and confirm compliance.
3. Contact Support for Assistance
If you have questions or need help adjusting your settings, our team is ready to assist. Reach out via direct message and our support team will call you right back.
Why These Changes Matter
By increasing the tax credit and adjusting the income threshold, RSL aims to reduce the tax burden on individuals and promote greater financial flexibility. For PayBell users, this translates to improved take-home pay and more opportunities to allocate funds toward savings, investments, or other priorities.
Stay Proactive, Stay Informed
Tax regulations evolve, and staying updated ensures you never miss out on opportunities to optimize your finances. We encourage all PayBell users to act promptly, review their settings, and leverage these revisions to their advantage.
