- Malawi to launch mandatory VAT e-invoicing system in 2024
- Aim is to curb Value Added Tax fraud and evasion
- Minister of Finance announced initiative on 23 February 2024
- Current VAT rate in Malawi is 16.5%
- Governmental invoice reporting portal to replace electronic fiscal devices
- Existing device system viewed as expensive for smaller businesses
- Implementation date for electronic billing system not yet announced
- Malawi Revenue Authority will publish details shortly
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
