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 – Norway Income Tax Treaty (1961).
The maximum rates of withholding tax are:
- 15% generally on dividends; 5% on dividends if the beneficial owner is a company (other than a partnership) which owns directly at least 10% of the capital of the company distributing the dividends Art. 10 (2);
- 10% on interest Art. 11(2) with some exceptions; and
- 5% on royalties Art.12 (2).
