The Malawi Revenue Authority (MRA) is reminding all taxpayers to fulfill their tax obligation by remitting taxes due in the month of January 2018, to the Authority. The following taxes are due this month:
•Pay As You Earn (PAYE) is payable monthly. PAYE for December, 2017 is due by the 14th January, 2018
•Withholding Tax (WHT) is payable monthly. WHT for December, 2017 is due by the 14th January, 2018
•Fringe Benefit Tax (FBT) is payable quarterly. FBT for the quarter ending 31st December, 2017 is due by the 14th January, 2018
•Domestic Excise is payable monthly. Domestic Excise for December, 2017 is due by the 20th January, 2018
•Turnover Tax (TOT) is payable monthly. TOT for December, 2017 is due by the 20th January, 2018
•Provisional Tax is payable quarterly. Provisional Tax for the quarter ending 31st December, 2017 is due by the 25th January, 2018
•Value Added Tax (VAT) is payable monthly. VAT for December, 2017 is due by the 25th January, 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. We wish you a Happy and Prosperous New Year.
Tom Gray Malata