REMINDER TO SUBMIT TAX RETURNS AND PAY TAXES DUE IN FEBRUARY 2019

The Malawi Revenue Authority (MRA) is reminding valued taxpayers to honour their obligations by submitting tax returns and paying taxes due in the month of February 2019. The tax returns and payment due dates are as follows:

TAX PAYMENT

TAX TYPE                                                             DUE DATE

Pay as you Earn                                                 14th February, 2019

Withholding Tax                                                  14th February, 2019

Domestic Excise                                                  20th February, 2019

Turnover Tax                                                       20th February, 2019

Value Added Tax                                                 25th February, 2019

Income tax                                                           28th February, 2019 (Accounting date 31st August)


RETURN SUBMISSION 

Pay as you Earn (PAYE), 14th February, 2019 and should be accompanied by Form P12 and P12A



Withholding Tax, 14th February, 2019 and should be accompanied by forms WTF1& 2



Domestic Excise, 20th February, 2019 and should be accompanied by Form 32 for goods and Form 32A for services



Turnover Tax, 20th February, 2019 and should be accompanied by TOT return



Value Added Tax, 25th February, 2019 and should be accompanied by form VAT3



Income tax, 28th February, 2019 for all those taxpayers whose accounting date is 31st August



TEVET LEVY

The Authority is reminding all employers that Tevet levy for the year 2018/19 will be due on the 1st July, 2019. 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. 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.


                                                                 Tom Gray Malata

                                                            COMMISSIONER GENERAL