Law and Practice Training Handbook

Abstract

This module provides a comprehensive overview of taxation law and practice in Malawi. It covers fundamental concepts such as taxable income, tax computation for different entities, allowable and non-allowable deductions, tax types under the Taxation Act, capital allowances, and tax implications for special trades. The document also explores the taxation of companies, partnerships, and other legal entities, as well as tax administration procedures, appeal processes, and penalties for non-compliance. The training handbook aims to equip participants with a clear understanding of Malawi’s tax system, ensuring compliance and effective tax planning.