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 January 2020. The tax returns and payment due dates
are as follows:
Pay As You Earn 14th January, 2020
Withholding Tax
14th January,
2020
Fringe Benefit Tax 14th January, 2020
Domestic Excise
20th January, 2020
Turnover Tax 20th January, 2020
Value Added Tax 25th January, 2020
Provisional Tax 25th January, 2020
Income Tax
31st January,
2020 (Accounting date 31st August)
RETURN SUBMISSION
TEVET LEVY
The Authority is reminding all employers that Tevet Levy for the year 2019/20 is
due on 1st July, 2020. 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. 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