- Malawi will implement a mandatory VAT e-invoicing system in 2024
- Aim is to tackle VAT fraud and evasion
- New system will replace existing electronic fiscal devices
- Malawi’s current VAT rate is 16.5%
- Implementation date for the system is yet to be announced
- Move aims to alleviate financial burdens on smaller businesses and modernize technology for remote invoice reporting
Source: tpa-global.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.
