Good day X3 HR User
The Taxation (Amendment) Act, 2021 for Malawi has been gazetted.
The Eleventh Schedule to the Taxation Act has the following amended tax table for PAYE:
Monthly tax table
|
Taxable Income |
Rate |
|
The first K100 000 |
0% |
|
Next K900 000 |
25% |
|
Next K2 000 000 |
30% |
|
Next K3 000 000 |
35% |
|
Excess of K6 000 000 |
40% |
The effective date is 13 August 2021.
Attached is the following:
Version 9:
- W_HR007_MWIU9.zip (Pay plan patch)
The patch contains the following updated grids, with a start date of 13 August 2021:
- MTAXTABLE1
- MTAXTABLE2
- ATAXTABLE1
- ATAXTABLE2