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Malawi Budget 2014/2015 Reduces Corporate Tax on Mobile Phone Operators and Exempts Certain Imports from VAT

|Proposed Changes|Malawi
Malawi

On 2 September 2014, the Malawi Ministry of Finance presented draft budget 2014/2015 to parliament.

The draft budget includes a reduction in corporate tax on mobile phone operators from 33% to the standard rate of 30%. VAT exemption is provided for imports of raw materials for fertilizer and medicine production. VAT exemption is also provided for imported mini busses not older than 5 years, and excise and import duties are removed for such vehicles.

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