Malawi’s Proposed VAT Increase to expand social protection funds

• Malawi proposes a VAT increase to expand social protection funds
• The increase is part of the 2024/25 National Budget analysis
• The proposed adjustment aims to enhance gender equality and economic empowerment
• There is debate on the potential burden of the VAT increase on Malawians
• Critics warn of potential reduced tax revenue if consumers cut back on purchases

Source: bnnbreaking.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.

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