Oct 18, 2017 Last Updated 10:50 AM, Oct 18, 2017
×

Warning

JFile: :read: Unable to open file:

Tax Rates Fairly Low In Malawi

Tax Rates Fairly Low In Malawi Image sourced at mra.mw
Published in Business News
Read 16820 times
Rate this item
(0 votes)

Tax rates in Malawi are lower than in most of the countries in southern Africa.

This is according to the Malawi Revenue Authority (MRA).

The Head of Corporate Affairs, Steve Kapoloma made these remarks in an interview with the Malawi News Agency, in reaction to widespread concerns from the public that the revenue collecting agency is overtaxing Malawians.

Kapoloma explained that a study conducted by the International Monetary Fund-IMF, comparing Malawi and countries within the region like Mozambique, Zambia, Zimbabwe and Kenya among others, finds that the taxes in Malawi are sometimes lower.

For instance, Malawians pay 30% of their monthly income for Pay as You Earn (PAYE), while people in South Africa pay 41%, Zimbabweans 50 and Mozambicans 32.

According to Kapoloma, only Tanzania equals Malawi at 30 percent.

He warned that MRA would deal with any type of tax evasion in the country to make sure that the body meets its goals.

Last modified on Thursday, 05 October 2017 07:45

105 comments

  • Comment Link Reggi Reggi Thursday, 12 October 2017 06:31

    Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your blog? My blog site is in the exact same area of interest as yours and my visitors would certainly benefit from a lot of the information you present here. Please let me know if this okay with you. Many thanks!

  • Comment Link Lotta Lotta Wednesday, 11 October 2017 14:04

    Heya i am for the first time here. I found this board and I find It really useful & it helped me out much. I hope to give something back and aid others like you helped me.

  • Comment Link Air max pas cher Air max pas cher Saturday, 07 October 2017 15:53

    very nice post, i certainly love this website, keep on it

  • Comment Link 蠂伪位魏慰蠉 危魏慰蠀蟻喂苇蟼 蠂伪位魏慰蠉 危魏慰蠀蟻喂苇蟼 Saturday, 07 October 2017 15:39

    Tax Rates Fairly Low In Malawi

  • Comment Link Air max pas cher Air max pas cher Saturday, 07 October 2017 15:31

    I?d have to check with you here. Which is not something I usually do! I enjoy reading a post that will make people think. Also, thanks for allowing me to comment!

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook