The Malawi Revenue Authority (MRA) is informing employers, employees and the public that the implementation of the new income tax rates is awaiting the enabling legislation.
The Malawi Government proposed to increase the Pay As You Earn (PAYE) tax-free threshold from K45, 000 to K100, 000 per month.
The implementation of the new income tax rates, therefore, awaits the assenting of the Taxation (Amendment) Bill 2020.
The Authority will issue a public notice on the implementation of the new income tax rates and the effective date once the new law has come into force.
John S. Biziwick