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Malawi paves the way for e-invoicing

  • 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.  

Source Pagero


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