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APPLICABLE COMMERCIAL RATE FOR FRINGE BENEFIT TAX ON EMPLOYER PROVIDED CONCESSIONAL LOANS FOR THE QUARTER ENDING MARCH 2025. PRESS RELEASE



The Malawi Revenue Authority (MRA) would like to notify all employers that for the quarter ending 31st March, 2025, the applicable commercial rate for calculating Fringe Benefit Tax (FBT) on concessional loans provided by the employer to an employee is 36%.

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Taxable Income | Tax Rate - 2024/2025
First MK 150,000 - 0%, Next MK 350,000 - 25%, Next MK 2,050,000 - 30%, Excess of MK 2,550,000 - 35%

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