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, 2019. The tax returns and payment due dates are as follows:
TAX TYPE DUE DATE
Pay as you Earn 14th January, 2019
Withholding Tax 14th January, 2019
Fringe Benefits Tax 14th January, 2019
Domestic Excise 20th January, 2019
Turnover Tax 20th January, 2019
Value Added Tax 25th January, 2019
Provisional Tax 25th January, 2019
Income tax 31st January, 2019 (Accounting date 31st July)
Pay as you Earn (PAYE), 14th January, 2019 and should be accompanied by Form P12 and P12A
Withholding Tax, 14th January, 2019 and should be accompanied by forms WTF 1 & 2
Fringe Benefits Tax, 14th January, 2019 and should be accompanied by forms FBT 2
Domestic Excise, 20th January, 2019 and should be accompanied by Form 32 for goods and Form 32A for services
Turnover Tax , 20th January, 2019 and should be accompanied by TOT return
Value Added Tax, 25th January, 2019 and should be accompanied by form VAT3
Provisional Tax, 25th January, 2019 and should be accompanied by form PTF 1 and PTF 2
Income tax, 31st January, 2019 for all those taxpayers whose accounting date is 31st July
The Authority is reminding all employers that Tevet Levy for the year 2018/19 is 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