Malawi
Individual - Income determination
Last reviewed - 21 April 2023Employment income
All emoluments, including allowances, are taxable as pay-as-you-earn (PAYE).
Capital gains and investment income
Capital gain is determined by netting the cost (adjusted by an inflation index) against disposal proceeds. Capital gains arising from the sale of shares held for more than one year traded on the Malawi Stock Exchange are not taxable.
Investment income is taxed according to PIT rates.