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Malawi

Specific VAT rules

Bad debts

goods are zero-rated. Input tax may be claimed on the acquisition of secondhand goods.

VAT relief on bad debts may be claimed if the supplier has obtained a court judgement for the debt or can show that all legal means of pursuing the debt have been exhausted.

Tourism industry

Designated shops or outlets are accorded tax-exempt status, e.g. duty free shops at airports. There are no other exemptions for tourism.

Land and buildings

VAT is not chargeable on the sale or rental of residential property. VAT is chargeable on the sale or rental of nonresidential property.

Leasing

Transfer of a business

The authorities have to be notified within 30 days of cessation, sale, change of location, material change in the business or material change in ownership.

Leasing or letting of goods on hire is subject to VAT.

Warranty repairs

Secondhand goods

The supply of secondhand goods is subject to VAT if supplied by a taxable person. Exports of secondhand

VAT is charged on the importation of goods. Services rendered to a foreign company are taxable unless the supply is a zero-rated export.

Contact details – PricewaterhouseCoopers, Malawi

PwC contact persons

Designation

Johann Boshoff Misheck Msiska

Partner Manager

Physical address

Corner Glyn Jones Road and Chilembwe Avenue,

Blantyre

Postal address

PO Box 1147 Blantyre

Other indirect taxes

Import duty

Import duty is applicable at various rates, depending on the nature and the source of the item.

Excise duty

Excise duty applies to qualifying goods produced and manufactured in Malawi and qualifying goods imported into Malawi.

Conveyancing

Conveyancing applies to land and buildings situated in Malawi.

Stamp duty

Stamp duty is charged at 3% on absolute conveyance or vesting of real property or agreement for sale. Other rates apply depending on the nature of the matter. The transfer of shares is not subject to stamp duty.

Telephone number

Tel:

+265 (0)1 820 322

Contact details

johann.boshoff@mw.pwc.com misheck.msiska@mw.pwc.com

PricewaterhouseCoopers 95

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