The Malawi Revenue Authority (MRA) is
reminding valued taxpayers to honour their obligations by paying taxes and submitting
tax returns due in the month of March 2024.
The due dates for payment of taxes and submission of returns are as follows:
TAX
TYPE
DUE DATE
Pay As You Earn
14th March, 2024
Withholding Tax
14th March, 2024
Presumptive Tax 14th March, 2024
Domestic
Excise
20th March, 2024
Value Added
Tax
25th March, 2024
Income
tax
31st March, 2024 (Accounting date 30th
September)
Pay As You Earn (PAYE), 14th March, 2024. Should be accompanied by Form P12 and
P12A
Withholding Tax, 14th March, 2024. Should be accompanied by forms WTF1 & 2
Presumptive Tax, 14th March, 2024. Should be accompanied by forms PT 1
Domestic Excise, 20th March, 2024. Should
be accompanied by Form 32 for goods and Form 32A for services
Value Added Tax, 25th March, 2024. Should be accompanied by form VAT3
Income tax, 31st March, 2024
for all those taxpayers whose accounting date is 30th September. Should
be accompanied by ITF1 for sole traders or partnerships and ITF12 for limited
companies
The Authority is reminding all employers that Tevet Levy and Employers’ Data
Form for the year 2023/24 is due on 1 April 2024. Failure to remit the levy by
the due date attracts 20% of the unpaid amount.
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.
REMINDER TO ALL TAXPAYERS AND THE BUSINESS COMMUNITY
MRA further wishes to remind all taxpayers and the business community that it is their obligation and responsibility to settle their tax liabilities on time. Any delay or failure to remit the taxes would result in MRA requesting you to pay the taxes due plus penalties in accordance with the Law.
Kindly, note that you can submit your tax returns at your nearest Domestic
Taxes offices and Customs & Excise stations at Chitipa, Nsanje, Mwanza,
Liwonde, Chiponde and Muloza. Please, note that failure to submit a tax return
when due is an offence punishable by the VAT Act and the Taxation Act.
John S. Biziwick
COMMISSIONER GENERAL