REMINDER TO PAY TAXES AND SUBMIT TAX RETURNS DUE IN SEPTEMBER 2021

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 September 2021. The payment and return submission due dates are as follows:

TAX PAYMENT

TAX TYPE                                                             DUE DATE

Pay As You Earn                                                  14th September, 2021

Withholding Tax                                                   14th September, 2021

Domestic Excise                                                  20th September, 2021

Presumptive Tax                                                  20th September, 2021

Value Added Tax                                                  25th September, 2021

Income tax                                                          30th September, 2021 (Accounting date 31st March)

RETURN SUBMISSION 

Pay As You Earn (PAYE), 14th September, 2021. Should be accompanied by Form P12 and P12A

Withholding Tax, 14th September, 2021. Should be accompanied by forms WTF1 & 2

Domestic Excise, 20th September, 2021. Should be accompanied by Form 32 for goods and Form 32A for services

Turnover Tax , 20th September, 2021. Should be accompanied by TOT return

Value Added Tax, 25th September, 2021. Should be accompanied by form VAT3

Income tax, 30th September, 2021 for all those taxpayers whose accounting date is 28th August. Should be accompanied by ITF1 for sole traders or partnerships and ITF12 for limited companies

TEVET LEVY

The Authority is reminding all employers that Tevet Levy and Employers’ Data Form for the year 2019/20 was due on 1 July 2021. Failure to remit the levy by the due date attracts 20% of the unpaid amount.

CUSTOMS & 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.

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 settle taxes results in penalties in accordance with the Tax Law. 

Kindly, note that tax returns can be submitted at the nearest Domestic Taxes offices across the country and at Customs & Excise stations at Chitipa, Nsanje, Mwanza, Liwonde, Chiponde and Muloza. Failure to submit a tax return when due is an offence punishable by the Taxation VAT Act and the VAT Act.

JOHN S. BIZIWICK
COMMISSIONER GENERAL