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

Tax Rates Fairly Low In Malawi

Tax Rates Fairly Low In Malawi Image sourced at mra.mw
Published in Business News
Read 16821 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 Air max pas cher Air max pas cher Saturday, 07 October 2017 15:24

    My brother suggested I might like this blog. He was totally right. This post actually made my day. You can not imagine simply how much time I had spent for this info! Thanks!

  • Comment Link Air max pas cher Air max pas cher Saturday, 07 October 2017 14:19

    I?m impressed, I must say. Really rarely do I encounter a blog that?s both educative and entertaining, and let me tell you, you have hit the nail on the head. Your idea is outstanding; the issue is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something relating to this.

  • Comment Link 2 X 8 Hydraulic Cylinder 2 X 8 Hydraulic Cylinder Saturday, 07 October 2017 14:11

    Tax Rates Fairly Low In Malawi

  • Comment Link autocolant personalizat autocolant personalizat Saturday, 07 October 2017 13:47

    Tax Rates Fairly Low In Malawi

  • Comment Link Iniezione plastica Iniezione plastica Saturday, 07 October 2017 13:40

    Tax Rates Fairly Low In Malawi

Leave a comment

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

Capital Tweets

Wezie Nyirongo WezieNyirongo Wezie Nyirongo

World Bank warns that cases of extreme poverty may increase unless stakeholders stop discriminating against some social groups @CapitalFMMw

3 minutes ago Reply Retweet Favorite
Wezie Nyirongo WezieNyirongo Wezie Nyirongo

NICE Trust describes the voter apathy in the Tuesday's by-elections as a sign that citizens have lost trust in elected leaders @CapitalFMMw

10 minutes ago Reply Retweet Favorite
Capital FM Malawi CapitalFMMw Capital FM Malawi

As a way of appreciating their customers' support, Carlsberg #Malawi is organising a beer-fest next month in #Lilongwe. #SwitchOn @ 1

31 minutes ago Reply Retweet Favorite
Capital FM Malawi CapitalFMMw Capital FM Malawi

New Labour Party President, Sam Mpasu reveals opposition parties plan to field one candidate in the 2019 elections. #CFMNews #SwitchOn @ 1

33 minutes ago Reply Retweet Favorite
Capital FM Malawi CapitalFMMw Capital FM Malawi

A political commentator is describing the outcome of the by-elections as an indication that #Malawi politics has... https://t.co/37YZ6rVtRl

37 minutes ago Reply Retweet Favorite

Find Us on Facebook