Malawi
Sources and data for Malawi
Every value the calculators use, with its effective dates and a link to the official source.
Monthly PAYE bands
- Current value
Table with 4 brackets
MK 0 / MK 170,000 0% MK 170,000 / MK 1,570,000 30% MK 1,570,000 / MK 10,000,000 35% MK 10,000,000 + 40% - From
- 30 December 2025
- Checked on
- 27 October 2026
Annual personal income tax bands
- Current value
Table with 2 brackets
MK 0 / MK 2,040,000 0% MK 2,040,000 + 30% - From
- 30 December 2025
- Checked on
- 27 October 2026
VAT standard rate
- Current value
- 17.5%
- From
- 30 December 2025
- Checked on
- 27 October 2026
Levy on mobile money and bank transfers
- Current value
- 0.05%
- From
- 30 December 2025
- Checked on
- 27 October 2026
Mobile money transfers above this amount pay the levy
- Current value
- MK 100,000
- From
- 30 December 2025
- Checked on
- 27 October 2026
Withholding tax on betting, gambling and lottery winnings
- Current value
- 15%
- From
- 30 December 2025
- Checked on
- 27 October 2026
Withholding tax rates
- Current value
- Royalties 20%
- Rent 20%
- Supplies to traders and institutions (food and other goods) 3%
- Commission 20%
- Carriage and haulage 10%
- Sale of farm produce (final tax) 1%
- Contractors in the building industry 10%
- Public entertainment 20%
- Services 20%
- Interest 20%
- Fees 20%
- From
- 1 April 2023
- Source
- Malawi Revenue AuthorityWithholding Tax: specified rates (Fourteenth Schedule to the Taxation Act)
- Checked on
- 27 October 2026
Fringe benefit tax rate
- Current value
- 30%
- From
- 1 April 2026
- Checked on
- 27 October 2026
Taxable value of a motor vehicle a year, share of original cost
- Current value
- 15%
- From
- 1 April 2026
- Checked on
- 27 October 2026
Taxable value of school fees paid to the school, share of cost
- Current value
- 50%
- From
- 1 April 2026
- Checked on
- 27 October 2026
Share of the taxable value for housing the employer owns
- Current value
- 50%
- From
- 1 April 2026
- Checked on
- 27 October 2026
Minimum taxable value of unfurnished housing, share of salary
- Current value
- 10%
- From
- 1 April 2026
- Checked on
- 27 October 2026
Minimum taxable value of furnished housing, share of salary
- Current value
- 12%
- From
- 1 April 2026
- Checked on
- 27 October 2026
TEVET levy, share of the basic payroll
- Current value
- 1%
- From
- 1 November 2015
- Checked on
- 27 October 2026
Penalty on unpaid TEVET levy
- Current value
- 20%
- From
- 1 November 2015
- Source
- Malawi Revenue AuthorityTEVET Levy compliance: 20% penalty on unpaid levy (TEVET Act, section 21(1))
- Checked on
- 27 October 2026
Presumptive tax a year by annual turnover
- Current value
Table with 4 brackets
MK 0 / MK 4,000,000 0% MK 4,000,000 / MK 7,000,000 0% 110,000.00 MK 7,000,000 / MK 10,000,000 0% 170,000.00 MK 10,000,000 / MK 12,500,000 0% 225,000.00 - From
- 1 April 2023
- Checked on
- 27 October 2026
Provisional tax on a capital gain
- Current value
- 30%
- From
- 20 October 2026
- Checked on
- 27 October 2026
Minimum pension contribution, employee
- Current value
- 5%
- From
- 10 February 2023
- Source
- Ministry of LabourPension Act, 2023 (Act No. 6 of 2023), section 12: minimum contribution rates
- Checked on
- 27 October 2026
Minimum pension contribution, employer
- Current value
- 10%
- From
- 10 February 2023
- Source
- Ministry of LabourPension Act, 2023 (Act No. 6 of 2023), section 12: minimum contribution rates
- Checked on
- 27 October 2026
Ordinary overtime, times the hourly wage
- Current value
- 1.5
- From
- 19 May 2000
- Checked on
- 27 October 2026
Day-off overtime, times the hourly wage
- Current value
- 2
- From
- 19 May 2000
- Checked on
- 27 October 2026
Public holiday overtime, times the hourly wage
- Current value
- 2
- From
- 19 May 2000
- Checked on
- 27 October 2026
Maximum normal hours a week, excluding overtime
- Current value
- 48 hours
- From
- 19 May 2000
- Checked on
- 27 October 2026
Annual leave for a six-day week
- Current value
- 18 days
- From
- 19 May 2000
- Checked on
- 27 October 2026
Annual leave for a five-day week
- Current value
- 15 days
- From
- 19 May 2000
- Checked on
- 27 October 2026
Sick leave on full pay a year
- Current value
- 4 weeks
- From
- 19 May 2000
- Checked on
- 27 October 2026
Sick leave on half pay a year
- Current value
- 8 weeks
- From
- 19 May 2000
- Checked on
- 27 October 2026
Continuous service before sick leave applies
- Current value
- 12 months
- From
- 19 May 2000
- Checked on
- 27 October 2026
Maternity leave on full pay
- Current value
- 8 weeks
- From
- 19 May 2000
- Checked on
- 27 October 2026
Maternity leave applies once in every
- Current value
- 3 years
- From
- 19 May 2000
- Checked on
- 27 October 2026
Years of service after which notice is one month for every pay period
- Current value
- 5 years
- From
- 19 May 2000
- Checked on
- 27 October 2026
Years of service after which weekly and daily paid staff get a fortnight
- Current value
- 2 years
- From
- 19 May 2000
- Checked on
- 27 October 2026
Months of service after which daily and hourly paid staff get a week
- Current value
- 6 months
- From
- 19 May 2000
- Checked on
- 27 October 2026
Minimum notice for a fixed-term contract
- Current value
- 14 days
- From
- 19 May 2000
- Checked on
- 27 October 2026
Severance allowance, weeks of wages for each completed year
No verified figure for today
Values that update automatically
Reserve Bank of Malawi middle rate, kwacha per US dollar
- Current value
- MK 1,734.0118
- Latest figure
- 12 November 2026
Consumer price index (1970 = 100)
- Current value
- 1,120,336.6
- Latest figure
- 1 September 2026