Malawi Budget Statement for 2022/2023 Delivered

• Cooking oil and tap water are exempted from VAT;
• The withholding VAT system is abolished; and
• The Tax Administration Act is amended to align with the amendment made to the VAT Act that reduced the validity period for claiming input VAT from 12 months to 6 months.
• A 15% import duty and 16.5% VAT are introduced on the import of molds;

Source Orbitax

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