Lesotho Revenue Authority (LRA) income tax filing season for 2009 deadline ends on Tuesday.

The LRA however, stated that the deadline does not apply to companies using substituted accounting period, 'but all returns are due from all taxpayers other than those who have a single employment income under M50,000 and have been duly taxed under Pay As-You-Earn (PAYE).'

The authority has reminded all taxpayers to note this important deadline and ensure that their returns have been submitted as scheduled.

LRA has stated in a press release that failure to do so, will lead to unnecessary penalty of three percent, which will be added on a monthly basis.

'The Self-Assessment filing season which is now in its fifth year since it was launched in 2004, targets all businesses and individuals', the release added.

Such stakeholders include companies, sole proprietors and individuals in the retail, service, and manufacturing industries.

Others are security firms, construction transport, property, small and medium enterprises, as well as self employed professionals.

Source: LENA 30/06/2009