Malawi to introduce VAT e-billing system in 2024
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
See MoreMalawi: Parliament passes 2019-2020 Budget
On 9 September 2019, the Minister of Finance, Economic Planning and Development has published the Budget for 2019-2020 to the parliament. On 10 October 2019 Parliament has approved the K1.7 trillion 2019/20 national budget. Corporate tax
See MoreNetherlands-Malawi: Dutch Lower House of Parliament approves tax treaty
The Dutch lower house of parliament approved the pending income tax treaty with Malawi on 15th March 2018, signed on 19th April 2015. The treaty enters into force on the last day of the month following the month in which the ratification instruments
See MoreMalawi: New tax measures effective from July 2017
On 15 August 2017 the Minister of Finance, Economic Planning and Development in his 2017/2018 Budget Statement announced new measures for both customs and domestic taxes. The domestic tax measures became effective on 1st July, 2017. Most of the
See MoreMalawi: Tax authority publishes transfer pricing regulations 2017
On 3 July 2017 the Malawi revenue authority published Gazette Notice No 36 of 2017 regarding Taxation (Transfer Pricing Documentation) Regulations 2017. According to the regulation, taxpayers are required to conform to contemporaneous documentation
See MoreMalawi-Tax amendment laws 2016
The Taxation (Amendment) Act 2016 of Malawi which was enacted on 19 August 2016 made revisions to the provisions of the Taxation Act as amended (the Taxation Act). As per the Taxation (Amendment) Act. 2016, taxpayers are permitted to enter into APAs
See MoreWTO: Trade Policy Review of Malawi
The third Trade Policy Review of Malawi was carried out by the World Trade Organization (WTO) on 27 and 29 April 2016. A report issued by the WTO staff in connection with the review has been published on the WTO website. The report notes that the
See MoreMalawi: IMF comments on economic position
On 14 December 2015 the IMF issued a report and selected issues paper following the conclusion of discussions in Malawi under Article IV of the IMF’s articles of agreement. The economic outlook for Malawi remains difficult, reflecting
See MoreDTA between Malawi and Netherlands signed
Malawi and the Netherlands signed a income tax treaty for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on 19 April
See MoreMalawi-UAE DTA will sign
In accordance with the initial media reports, investment promotion agency in Malawi has said that the nation will soon sign a Double Taxation Agreement (DTA) with the United Arab
See MoreDTA between Malawi and Netherlands terminated
Malawi has terminated the double taxation agreement (DTA) previously in force between Malawi and the Netherlands. The termination takes effect in the Netherlands from 1 January 2014 and in Malawi from 1 April
See MoreTreaty between Malawi and Norway enters into force
The Malawi - Norway Income Tax Treaty (2009) entered into force on 10 December 2012. The treaty generally applies from 1 January 2013 for Norway and from 1 July 2013 for Malawi. From this date, the new treaty generally replaces the Malawi -
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