Malawi

Individual - Significant developments

Last reviewed - 10 February 2021

Effective from 3 November 2020, the following are the changes in personal income tax (PIT):

  • Increase in the 0% tax band from 540,000 Malawian kwacha (MWK) to MWK 1,200,000 per annum.

This change has led to the following annual income tax rates for individuals:

  • First MWK 1,200,000 at 0%.
  • Next MWK 34,800,000 at 30%.
  • Excess over MWK 36,000,000 at 35%.