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  • Low or Interest Free Loan/Debt Fringe Benefit - New Repo Rate Effective June 2022

    The repurchase rate (repo rate) has increased from 4.25% to 4.75% on 20 May 2022. As from June 2022 , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. The ‘official interest rate’…

  • Low or Interest Free Loan/Debt Fringe Benefit - New Repo Rate Effective April 2022

    The repurchase rate (repo rate) has increased from 4.00% to 4.25% on 25 March 2022. As from April 2022 , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. The ‘official interest rate…

  • 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…

*Community Hub is the new name for Sage City