Email a copy of 'Malawi MPs against inheritance tax: ‘Leave the dead to rest in peace’' to a friend
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Email a copy of 'Malawi MPs against inheritance tax: ‘Leave the dead to rest in peace’' to a friend
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The Registrar of Financial Institutions has directed that Indebank operations be merged into National Bank of Malawi (NBM) operations within...
A goodal mwatha nzeru mukufunabe kuwakama aMalawi osauka inu musakukhoma nsonkho olo ndi 1% yomwe zMawa mudzidzati tasauka pambuyo pa zaka zina 50? Apatu palibe nzeru!!
I am thinking the this report leaves a lot to be desired. It’s almost pathetic. There is no substance as to “educating” readers regarding the salient points in the current law. The internet literati are very interested because many have real estate, and other property, they would like to be inherited by specific people. Wanga Gwede, please re-visit this subject and tell us, even in point form, what they law says and the counterpoints as currently proposed by Minister Gondwe. You can see the comments are just meandering through the whole issue. Just a few pointers:- Is the law about… Read more »
Another area of concern is the pension scheme. While working one is deducted 30% PAYE. After retiring govt gets another 30% from the same money that was already taxed. Is this not robbery?
From your salary govt gets 30% PAYE. Buy anything from the shop, 17.5% vat. 30+17.5=47.5% to govt. Is this not robbery?
DZIKO NGATI LAKUKANIKANI KUYENDETSA, PATSANI ENA AYENDETSEKO CHIFUKWA ANTHU AMENE AKUVUTIKA NDI AKUMUDZI PAMENE INU MUKUCGITA KUSANKHA CHAKUDYA, MA ALLOWANCE KUPATSA NDI GALU WOLONDERA PANYUMBA PANU AMENE
MIMBA ZANU NONSE ANTHU OPENGA KWAMBIRI
ZIMENEZO NDIYE ZOPUSA KODI MUFUNA MISONKHO INGATI? ANTHU CHISAUKIRENICHO INU NKUMAFUNA MISONKHO PA CHILICHONSE, KODI CHIFUKWA INU MA MP SIMUDULIDWA MISONKHO? MUSAIWALE MUNALEMBEDWA NTCHITO NDI A MALAWI NDIPO KUKUCHOTSANI NKOSAVUTA ASK JOYCE BANDA, TIZAONANA 2019 ZIPANGANI MAGANIZO ANU WOPUSAWO SHUPITI
The issue here is abolishment and not revision. Munthu akamwalira asamalipire msonkho. You who are calling those seeking clarification as being below par should feel ashamed because inu mukufotokodza zabodza dzosagwirizana.
so sad
In uk for example You pay inheritance tax only when you sell the property which you have inherited, say a house. If you decide to live in it or rent it out( you pay normal tax on rental income) you don’t pay inheritance tax but when you decide to sell it, then once sold, the govt takes its share of inheritance tax. Again there are threshold value limits, for example you don’t pay if your house realized on the market a value below the threshold value. Similarly with investment stock market shares someone inherits. By the way inheritance tax can… Read more »
No such word as ‘abolishment’; should be ‘abolition’. If writing English. please make sure to use the correct words. As regards inheritance tax, this is a means of distributing wealth fairly instead of leaving it in the hands of a small minority. Of course MPs are against it; they are some of the wealthy minority.