REMINDER TO SUBMIT TAX RETURNS AND PAY TAXES IN JANUARY 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 January, 2019. The tax returns and payment due dates are as follows:

TAX PAYMENT

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)


RETURN SUBMISSION 

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


TEVET LEVY

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

                                                                COMMISSIONER GENERAL