- Malawi will abolish the use of Electronic Fiscal Devices (EFDs) and move towards an e-invoicing system.
- On 23 February 2024, the Finance Minister of Malawi, Chithyola Banda, announced these changes during the 2024/25 Budget Plan presentation.
- The new system will lead to a more effective and accurate collection of VAT and will reduce compliance costs.
- Further details will be announced by the Malawi Revenue Authority.
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