On 25 June 2015, the Malawi parliament adopted measures included in the Budget 2015/2016. The main tax-related measures of the Budget include:

• The taxation of deemed interest in respect of interest free loans in the hands of the lender;
• Setting the interest rate on tax debts at the central bank lending rate plus 5%; and
• Introducing a penalty of 20% on unpaid tax amounts due by non-residents

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