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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…
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…
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…
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
…
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
…
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…
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…
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…
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…
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…
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…
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.
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…
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…
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…
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…
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…
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…