REMINDER TO SUBMIT TAX RETURNS AND PAY TAXES DUE IN OCTOBER 2020

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 October 2020. The tax returns and payment due dates are as follows:

TAX PAYMENT

TAX TYPE                                                             DUE DATE
Pay As You Earn                                             14th October, 2020

Withholding Tax                                                   14th October, 2020

Fringe Benefits Tax                                             14th October, 2020

Domestic Excise                                                  20th October, 2020

Turnover Tax                                                         20th October, 2020

Value Added Tax                                                   25th October, 2020

Provisional Tax                                                      25th October, 2020

Income tax                                                            31st October, 2020 (Accounting date 30th April)

RETURN SUBMISSION 

Pay As You Earn (PAYE), 14th October, 2020 and should be accompanied by Form P12 and P12A

Withholding Tax, 14th October, 2020 and should be accompanied by forms WTF1 & 2

Fringe Benefits Tax, 14th October, 2020 and should be accompanied by forms FBT 2

Domestic Excise, 20th October, 2020 and should be accompanied by Form 32 for goods and Form 32A for services

Turnover Tax , 20th October, 2020 and should be accompanied by TOT return

Value Added Tax, 25th October, 2020 and should be accompanied by form VAT3

Provisional Tax, 25th October, 2020 and should be accompanied by form PTF 1 and PTF 2

Income tax, 31st October, 2020 for all those taxpayers whose accounting date is 30th April

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 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. Please, note that failure to submit a tax return when due is an offence punishable by the VAT Act and the Taxation Act.

John S. Biziwick

Commissioner General