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PRESS RELEASE: SECOND PHASE OF EFDs IMPLEMENTATION
The Malawi Revenue Authority introduced the use of Electronic Fiscal Devices (EFDs) to enhance efficiency and effectiveness in Value Added Tax (VAT) Administration.
The second phase of the implementation of EFDs rolled out on 1st October 2014. This phase is for VAT registered businesses currently using Point of Sale (POS) and other computerized sales systems. Those using POS and other computersed sales systems are supposed to be using Electronic Fiscal Printers (EFPs) and Electronic Signature Devices (ESDs) respectively.
Taxp... Read more