Taxation in Malawi

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The Malawi Revenue Authority (MRA) has justified the Value Added Tax (VAT) accrued to water saying without it consumers would be paying hefty bills for the utility to foot the suppliers’ production expenses.

Reserve Bank of Malawi (RBM) governor Perks Ligoya said on Friday the country is losing a lot of foreign exchange due to money laundering and accused some Malawians of abusing the trade liberalisation policies adopted by Malawi.

Cigarette smoking may be chic but from Wednesday (1 Sept), smokers in the southern African country of Malawi will have to dig deeper in their pockets to maintain that life-style, as the tax authority has effected what it calls ‘tax stamps’ on cigarette.