Malawi will implement a mandatory VAT e-invoicing system under its 2024/25 budget policy to combat VAT fraud and evasion, as announced by the Minister of Finance on 23 February 2024.
The new system will replace existing electronic fiscal devices with a government invoice reporting portal, eliminating the need for costly cash registers. This initiative aims to alleviate financial pressure on smaller businesses and modernise technology for remote invoice reporting.
The current VAT rate is set at 16.5%.
Malaw’s government has yet to announce an implementation date.
