REMINDER TO REMIT TAXES DUE IN MAY 2016

The Malawi Revenue Authority (MRA) is reminding all taxpayers to fulfill their tax obligation by remitting taxes due in the month of May 2016, to the Authority. The taxes are:

Domestic Taxes
Pay As You Earn (PAYE) is payable monthly. PAYE for April 2016 is due by the 14th May 2016Withholding Tax (WHT) is payable monthly. WHT for April 2016 is due by the 14th May 2016Domestic Excise is payable monthly. Domestic Excise for April 2016 is due by the 20th May 2016Turnover Tax is payable monthly. Turnover Tax for April 2016 is due by 20th May 2016Value Added Tax (VAT) is payable monthly. VAT for April 2016 is due by the 25th May 2016
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.

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