Malawi govt introduces VAT on exercise book

Public schools closed on Friday for academic year end holiday but when the schools open in September, students will have to pay 14 per cent or more for the price of an exercise book.

This is because the government has silently introduced a 14 per cent VAT on exercise books.

Economist Henry Kachaje took to social media  about the introduction of the VAT.

The post attracted many comments as Malawians expressed concern over the decision by the government to introduce the 14 per cent tax on exercise books which will push up the cost of educating a child in an already volatile economic climate.

Finance minister Goodall Gondwe confirmed the introduction of the tax on exercise books.

The government is under pressure to collect over K1.1 trillion in taxes to fund the budget.

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