Withholding Tax Bronchure 2024-2025

Abstract

This brochure explains how withholding tax works in Malawi for the period April 2024 to March 2025. It details who is responsible for deducting tax on various payments like royalties, rent, services, and winnings, and specifies the deduction rates. It also describes how to obtain a withholding tax exemption certificate, which exempts certain payments from withholding tax if conditions are met. Lastly, it highlights the penalties for failing to deduct the tax when required, including personal liability and fines.