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 September 2020. The tax returns and payment due dates are as follows:
Pay As You Earn
14th September, 2020
Withholding Tax 14th September, 2020
20th September, 2020
Turnover Tax 20th September, 2020
Value Added Tax
25th September, 2020
30th September, 2020 (Accounting date 31st
Pay As You Earn (PAYE), 14th September, 2020 and should be accompanied by Form P12 and P12A
Withholding Tax, 14th September, 2020 and should be accompanied by forms WTF1 & 2
Domestic Excise, 20th September, 2020 and should
be accompanied by Form 32 for goods and Form 32A for services
Turnover Tax, 20th September, 2020 and should be accompanied by TOT return
Value Added Tax, 25th September, 2020 and should be accompanied by form VAT3
Income tax, 30th September, 2020 for all those
taxpayers whose accounting date is 31st March.
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.
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
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