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MW Tax 2023

Malawi Tax Tables 2023 - Tax Rates and Thresholds in Malawi

This page contains the tax table information used for the calculation of tax and payroll deductions in Malawi in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ MW, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Malawi or would like to add to or suggest amendments to the information herein then please contact us.

Malawi's tax system is designed to support its development goals, focusing on generating revenue for public services while encouraging investment and economic growth. The system includes various types of taxes such as income tax, corporate tax, value-added tax (VAT), excise duties, and import tariffs. The Malawi Revenue Authority (MRA) is responsible for tax collection and enforcement, emphasizing compliance and fair taxation practices.

Malawi Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Malawi are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Malawi Tax Calculator 2023.

Malawi Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from MWK 0.000.00to MWK 1,200,000.00
25%Income from MWK 1,200,000.01 to MWK 5,400,000.00
30%Income from MWK 5,400,000.01 to MWK 30,000,000.00
35%Income from MWK 30,000,000.01 and above
Malawi Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
15%Flat rate on all taxable income

In Malawi, social security contributions made by employees, specifically to the pension scheme as mandated by the Pension Act of 2011, are deductible from their gross income for the purpose of calculating taxable income. This means that the amounts contributed by employees towards their pension fund can reduce their taxable base, potentially lowering their overall income tax liability. This provision encourages participation in the pension scheme while providing tax relief to individuals, aligning with Malawi's broader goals of promoting savings for retirement and financial security for its workforce.

Malawi Social Security and Payroll Deduction Rates in 2023

In Malawi, the social security framework is designed to provide financial protection and support to employees across various sectors. The system includes contributions to pension schemes, which are mandatory for both employers and employees, aimed at ensuring long-term financial stability for the workforce.

Malawi Social Security in 2023: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
National Pension Scheme (NPS)5%10%15%
Malawi Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
National Pension Scheme (NPS)n/an/an/an/a

Malawi VAT Rates in 2023

VAT rates for Malawi are reviewed annually, you can use the VAT Calculator to calculate VAT due in Malawi or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Malawi VAT Rates
VAT RateVAT Description
16.5%Standard Rate

Historic Tax Tables supported for Malawi

The following tax tables are supported by iCalculator™ MW as part of the suite of free tax tools we provide for Malawi.