Understanding corporate income tax and other business taxes in Malawi is crucial for companies operating within the country. Alongside corporate income tax, businesses should be aware of other taxes, including VAT, PAYE, fringe benefit tax, withholding tax, and customs duties. It is advisable to consult with a tax professional or refer to the official website of the Malawi Revenue Authority for the latest tax regulations and requirements. By fulfilling their tax obligations, businesses can operate in compliance with Malawian tax laws and contribute to the growth and development of the country's economy.
Malawi imposes corporate income tax on the profits earned by companies operating within its jurisdiction. The corporate income tax rate in Malawi is progressive, based on the level of taxable income. As of the knowledge cutoff date in September 2021, the tax rates are as follows:
For comprehensive and up-to-date information on business taxes in Malawi, it is recommended to visit the official website of the Malawi Revenue Authority.
Malawi Revenue Authority Website: Official Malawi Revenue Authority Website