• Malawi: New Tax File deployed - Effective April 2023 (Version 202302)

    The new Tax File for Malawi for 2023/2024, effective April 2023 was deployed on 17 April 2023. The following notice appears on the subscription screen. For more details, please review the original post Malawi: New tax table 2023/2024 tax year and…
  • Malawi: New tax table 2023/2024 tax year

    The Taxation (Amendment) Act No.17 of 2023 was enacted by the President of Malawi. and was published on 5 April 2023. Related document: Malawi: Act No. 17 of 2023 Taxation (Amendment) 2023/2024 tax year The following changes have been made to Table…
  • Software Update | Release 5.9a for Sage Business Cloud Payroll Professional available 16 September 2022

    Release 5.9a is now available. What is included in this update? South Africa - Interim EMP501 Reconciliation changes, Qualifying Long Service Award changes, Fixed Rate Directives and Lumpsum changes Tax Table changes: Lesotho, Malawi, and Zimbabwe…
  • Updated Africa Tax Country Reports (Ghana and Malawi) & patch file for July 2022

    We have deployed a patch file on 4 July 2022 with an update on the following Africa Tax Country reports The following message currently displays on your subscription page: Country Report Details Ghana Monthly PAYE Schedule …
  • Updated Africa Tax Country Reports for June 2022 (Eswatini, Kenya, Malawi and Zimbabwe)

    We have deployed a patch file with an update on the following Africa Tax Country reports Country Report Details Eswatini Swaziland ENPF New updated version Zimbabwe Zimbabwe NSSA P4 Report Changes to existing report …
  • Malawi: New Tax File deployed - Effective 1 April 2022

    The new tax tables for Malawi effective 1 April 2022 has been deployed on Sage Business Cloud Payroll Professional. The following message will display on the Active Payroll Subscription screen: The tax table changes will be applied in your Malawi…
  • Malawi: New Tax rates 2022

    The Taxation (Amendment) Act , No. 6 of 2022 introduces a change in tax tables. See the amendment to the Eleventh Schedule amendments on page 3 of the attached legislation. The effective date is 01 April 2022. Annual tax table for the 2022 tax year…
  • Software Update | Release 5.8b for Sage Business Cloud Payroll Professional available 08 April 2022

    Release 5.8b is now available. Please consult the What’s New document and Known Issues in the Help File for more details. The following message will display at the top of the Subscription page: (If the message does not display, clear your browser…
  • Software Update | Release 5.8a for Sage Business Cloud Payroll Professional available 11 March 2022

    Release 5.8a is now available. Release 5.8a includes the RSA Tax Table and ETI Remuneration changes as well as a change to the Malawi tax year. Please consult the What’s New document and Known Issues in the Help File for more details. All RSA and…
  • Malawi: Change in Tax year

    The Malawi Revenue Authority has confirmed that the tax year for PAYE will be changing from July - June to April to March . The transition period is July 2021 – March 2022 (9 months) Thereafter April 2022 – March 2023 (full tax year) The MRA has…
  • Malawi: CORRECTED Tax Tables 2021/2022

    The Malawi Revenue Authority has released the New tax tables for the 2021/2022 tax year. Monthly tax table The effective date is 13 August 2021. Tax files have been deployed to your system. Please refer to the "What's New" page on the Quick links…
  • IMPORTANT NOTICE : Malawi: New tax tables 2021/2022 WITHDRAWN! (Urgent!)

    The Malawi Revenue Authority has just informed us that the new PAYE tax tables were released in error. The attached notice has since been withdrawn. Tax tables will be reverted to the previous tables as soon as possible.
  • Malawi: New tax tables 2021/2022

    Please note that the tax tables for Malawi have been reviewed. Please refer to the post on the CORRECTED Tax tables for Malawi. The Malawi Revenue Authority has released the New tax tables for the 2021/2022 tax year. Monthly tax table The effective…
  • Malawi: New PAYE tax Rates 2020/2021 - Effective 3 November 2020

    The Malawi Revenue Authority has announced that the Taxation (Amendment) Act has been gazetted. Please click here to view the Public Notice. The Eleventh Schedule to the Taxation Act has the following amended tax table for PAYE: Monthly The…
  • Malawi: Fringe Benefit Tax Return - Update Employer Tax Rate for Fringe Benefits

    Paragraph 5(e) of the Fringe Benefits Tax Regulations stipulates that where an employer provides a loan to an employee at an interest rate lower than the applicable commercial rate, the resulting interest difference (saving) be recognized as a fringe…
  • Release 5.4c: Patch Files (Release date 14 July 2020)

    A patch for Release 5.4c was deployed on the cloud on 14 July 2020 to address a few issues recently reported on Payroll Professional. The following were included in the release: Tanzania tax files (applicable from 1 July 2020) Malawi tax files…
  • Malawi: Proposed Tax table change for 2020/2021

    The Provisional Budget Statement for Malawi, which was approved on 30 June 2020, has been released. The tax-free bracket will increase from K45 000 to K100 000. The new monthly tax table is as follows: Please click here to view the Provisional Budget…
  • Malawi: Proposed changes to tax tables

    According to the Budget Speech, the tax-free bracket has increased from K35 000 to K45 000. Click here for the Taxation Amendment Bill. The new monthly tax table will be as follows: First K45 000 - 0% Next K5 000 - 15% Next K2 950 000 - 30…