Malawi

Individual - Significant developments

Last reviewed - 04 March 2020

Effective from 22 November 2019, the following are the changes in personal income tax (PIT):

  • Increase in the 0% tax band from 420,000 Malawian kwacha (MWK) to MWK 540,000 per annum.

This change has led to the following individual tax regimes:

  • Annual income tax rates for individuals:
    • First MWK 540,000 at 0%.
    • Next MWK 60,000 at 15%.
    • Next MWK 35,400,000 at 30%..
    • Excess over MWK 36,000,000 at 35%.