Feb 24, 2018 Last Updated 3:20 PM, Feb 22, 2018
×

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 24483 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

291 comments

  • Comment Link bubble witch 3 saga hack bubble witch 3 saga hack Friday, 08 December 2017 20:30

    Deference to op , some superb selective information .

  • Comment Link Lelio Vieira Carneiro Lelio Vieira Carneiro Friday, 08 December 2017 09:01

    Thanks in favor of sharing such a fastidious thinking, article is fastidious, thats why i have read it entirely|

  • Comment Link Grupo Serval escandalo Grupo Serval escandalo Thursday, 07 December 2017 23:12

    An interesting discussion is worth comment. I think that you should write more on this subject matter, it may not be a taboo matter but typically people don't talk about such subjects. To the next! All the best!!|

  • Comment Link קוקסינליות בתל אביב קוקסינליות בתל אביב Thursday, 07 December 2017 16:22

    Exactly where maybe you’ve discovered the resource for the purpose of the following article? Great reading through I have subscribed to your blog feed.

  • Comment Link Umanizzare presidios Umanizzare presidios Thursday, 07 December 2017 11:27

    great put up, very informative. I'm wondering why the other specialists of this sector don't realize this. You must proceed your writing. I am sure, you've a great readers' base already!|

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