REMINDER TO REMIT TAXES DUE IN MARCH 2017

The Malawi Revenue Authority (MRA) is reminding all taxpayers to fulfil their tax obligation by remitting taxes due in the month of March 2017, to the Authority. The following taxes are due this month:

Domestic Taxes

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