REMINDER TO REMIT TAXES DUE IN APRIL 2018

The Malawi Revenue Authority (MRA) is reminding all taxpayers to fulfil their tax obligation by remitting taxes due in the month of April 2018, to the Authority. The following taxes are due this month:

Domestic Taxes
•Pay As You Earn (PAYE) is payable monthly. PAYE for March, 2017 is due by the 14th April, 2018
•Withholding Tax (WHT) is payable monthly. WHT for March, 2017 is due by the 14th April, 2018
•Fringe Benefit Tax (FBT) is payable quarterly. FBT for the quarter ending 31st March, 2018 is due by the 14th April, 2018
•Domestic Excise is payable monthly. Domestic Excise for March, 2018 is due by the 20th April, 2018
•Turnover Tax (TOT) is payable monthly. TOT for March, 2018 is due by the
20th April, 2018
•Provisional Tax is payable quarterly. Provisional Tax for the quarter ending 31st March, 2018 is due by the 25th April, 2018
•Value Added Tax (VAT) is payable monthly. VAT for March, 2018 is due by the
25th April, 2018

Customs and Excise
Duty is payable upon importation of goods into Malawi. If goods are imported into the country through transit bond on Transit document 1 (T1) and kept in a temporary store, duty is due within 10 days from the day the goods were deposited in the Temporary Stores. Customs duties can also be paid prior to the arrival of goods at the border.

MRA further wishes to remind all taxpayers and the business community that it is their obligation and responsibility to come to MRA offices to settle tax liabilities by themselves. Any delay or failure to remit taxes would result in MRA asking for the taxes due plus penalties in accordance with the Law.

Tom Gray Malata
COMMISSIONER GENERAL