PAYE Tax table changes for 2023/2024 tax year

The Government proposes to amend PAYE tax table by removing the 40% bracket, with the rest of the rates unchanged as shown below:

The new tax measures for Income Tax will become effective once the relevant bills have been passed in Parliament, assented to by the President and gazetted.

Current tax table

Proposed tax table


Please Click Here for more details from the Malawi Revenue Authority.