REMINDER TO REMIT TAXES DUE IN MAY 2017

The Malawi Revenue Authority (MRA) is reminding all taxpayers to fulfill their tax obligation by remitting taxes due in the month of May 2017, to the Authority.

The following taxes are due this month:

Domestic Taxes

•    Pay As You Earn (PAYE) is payable monthly. PAYE for April, 2017 is due by the 14th May, 2017
•    Withholding Tax (WHT) is payable monthly. WHT for April, 2017 is due by the 14th May, 2017
•    Domestic Excise is payable monthly. Domestic Excise for April, 2017 is due by the  20th May, 2017
•    Turnover Tax (TOT) is payable monthly. TOT for April, 2017 is due by the 20th May, 2017
•    Value Added Tax (VAT) is payable monthly. VAT for April, 2017 is due by the 25th April, 2017

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