MRA REVIEWS CUSTOMS AND EXCISE – Malawi News Online
The Malawi Revenue Authority has announced amendments towards customs and excise (tariffs). According to a public notice placed in the papers, the changes follow the 2019/20 budget presentation by the Minister of Finance, Joseph Mwanamvekha.
The notice says the following became effective on 9th September;
- Removal of import duty on gas cylinders
- Removal of import duty on flat iron sheets
- Removal of import duty on motor cycles of cylinder capacity of less or equal to 100cc
Value Added Tax
Introduction of a positive rate of 16.5% VAT on all products of Chapter 15, excluding cooking oil made from soya bean, groundnuts, palm and sunflower.
Introduction of a zero rate VAT on the following products; solar panels, solar batteries, solar inverters, solar bulbs, solar regulators, solar chargers, solar accumulators, solar lamps, energy efficient bulbs, laundry soap (bulbs), wood cook stoves, liquefied petroleum gas and gas cylinders.
Under some of the tax incentives, government has ensured that the list of products under CPC 409, will include a paragraph for special items for use by persons with albinism, including protective gear, sunscreen creams, and community security alert alarms.