Malawi has enacted legislation for the 2026-2027 Budget, which was published in the Official Gazette on 14 April 2026 and came into force on 15 April 2026. Some of the main tax measures include:
- The introduction of a final 15% withholding tax on gross rental income for individuals renting out residential houses, paid on a quarterly basis;
- Clarification that any levy paid on mobile money or bank transfers is not an allowable deduction for income tax purposes;
- A shift in the payment and remit…