The Malawi Act No. 12 of 2024 Taxation (Amendment) was recently published which introduces a change in tax tables.
See the amendment to the Eleventh Schedule amendments on page 3 of the attached legislation.
Act No. 12 of 2024 Taxation ( Amendment).pdf
Annual Tax Rates
| Taxable Income | Rate |
| First 1 800 000 | 0% |
| Next K4 200 000 | 25% |
| Next K24 00 000 | 30% |
| Excess of K30 600 000 | 35% |
Monthly Tax Rates
| Taxable Income | Rate |
| First K1 50 000 | 0% |
| Next K350 000 | 25% |
| Next K2 050 000 | 30% |
| Excess of K2 550 000 | 35% |
The effective date is 19 April 2024.
Take note: Our Sage development teams are currently busy with the necessary tax file changes, and the release of the updated tax files will be posted here on the Community Hub.