Parliament passes Tax Amendment Bill which facilitates K100 000 free tax band

Malawi Parliament on Monday passed the Taxation amendment Bill which among others seeks to introduce a 20 percent tax on winning bets and lotteries and also fulfill Tonse Alliance promise of K100 000 tax free band.

Mlusu: President Chakwera will have to assent 

The bill went through the committee stage without any amendment.

Minister of Finance Felix Mlusu has, however, underlined that the Taxation Amended Act will come into effect once President Lazarus Chakwera assents to the bill.

He said while the plan is to have the Act effective at the end October, it will depend on how soon the President will assent to the Act.

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1 year ago

Stupid tonse alliance stupid!

1 year ago

Politicians are very good at making unnecessary delays to suit their aspirations. They knew it well before hand that its not possible to effect this in October, simply because the treasury is not ready yet. Now, they say, they wanted it effected this October, but it depends on when the president will assent to the bill. The President will take time deliberately and sign it in November.

I'm That I am
1 year ago
Reply to  Mapopa

these people are crooks

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