Malawi 2017/18 Budget Statement Published

The Malawi Ministry of Finance has published the 2017/18 Budget Statement, which was delivered by Finance Minister Goodall Gondwe on 19 May 2017. The tax-related measures of the Budget include:

• The introduction of 10% excise tax on TV subscriptions fees;
• Removal of the import duty exemption for buses and minibuses provided by Customs Procedure Code 443, which will be replaced with an exemption for Buses and Minibuses less than five years old and progressive excise tax rates, a 15% customs du…