Lesotho, Sept. 10 -- Revenue Services Lesotho (RSL) and the Bankers Association of Lesotho (BAL) have officially signed a Memorandum of Cooperation (MoC) this week, aimed at further promoting and enhancing cooperation in the field of tax compliance and transparency through financial system interventions.

The initiative will also strengthen professional collaboration between RSL and BAL.

Under the terms of the MoC, the cooperation will primarily involve fair and efficient revenue collection as well as the banking sector's mission to mobilise savings, extend credit, and provide financial services.

Speaking at the occasion, RSL Commissioner General Mathabo Mokoko emphasised that the agreement is far more than symbolic.

"This is not simpl...