The Malawi Revenue Authority (MRA) recently announced that new tax measures for 2016/17 have been published in the Official Gazette. The measures were included in the Amendment Bills to the Taxation Act, Value Added Tax (VAT) Act, and Customs and Excise Act, which were approved in August 2016. The main measures include:
- The introduction of specific taxation regime for the mining sector that includes:
- The ring-fencing of mining projects in regard to income and expenses for tax purposes, with…