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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 2021.
Tax Rate | Taxable Income Threshold | ||
---|---|---|---|
0% | Income from MWK 0.000.00 | to | MWK 1,200,000.00 |
30% | Income from MWK 1,200,000.01 | to | MWK 3,600,000.00 |
35% | Income from MWK 3,600,000.01 | and above |
Tax Rate | Taxable Income Threshold | ||
---|---|---|---|
15% | Flat rate on all taxable income |
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Malawi periodically and typically updated each year. Not that not all tax rates and thresholds in Malawi change annually, alterations to tax policy to support strategic economic growth in Malawi mean that the certain areas may be focused on to provide specific tax relief in Malawi or support growth in certain areas (overseas invstment in Malawi for example may mean reduced non-resident income tax rates in Malawi for a period).
When tax policy in Malawi changes, the resultant tax tables also change. Tax tables in Malawi are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Malawi, the Malawi tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Malawi for example).
Malawi Tax Tables may also be referred to as Malawi Tax Slabs, Malawi personal allowances and tax thresholds or Malawi business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2021 tax rates and thresholds used within the 2021 Malawi Salary Calculator. This means that if you are aware of a 2021 tax exemption or 2021 tax allowance in Malawi that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Malawi Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Malawi Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Malawi simple, we achieve this my making the Malawi tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2021 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2021 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Malawi income tax rates and personal allowances used in the associated income tax calculator for the same tax year.