- VAT registration threshold doubled to MK50 million, easing compliance for SMEs and cross-border traders.
- VAT introduced on foreign digital services; VAT on sugar exports refundable upon proof of repatriated proceeds.
- Import surcharges imposed on goods produced locally to protect domestic industries; import duties removed on select essential goods.
- New export duty on scrap metal to combat infrastructure vandalism.
- Excise taxes introduced on certain soft drinks, luxury goods, and large hybrid vehicles; administrative and compliance measures strengthened.
Source: finance.gov.mw
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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