background image
Malawi — Orbitax Corporate Tax Rates


  • Statutory Tax Rate30
  • Surtax Based on Taxable Income0
  • Surtax Based on Statutory Tax0
  • Surtax Deductible from Taxable Income0
  • Statutory Tax Deductable0
  • Effective Tax Rate30

Statutory Tax Rate

The standard corporate income tax rate for resident companies is 30%.

However, a number of other rates apply as follows:

  • 35% for branches of foreign companies in Malawi;
  • 33% for cellular phone operators;
  • 0% for companies in priority industries including agricultural produce processing and power generation and distribution companies for a period not exceeding 10 years, and 15% thereafter;
  • 30% for income from life insurance business;
  • 30% for companies in export processing zones; and
  • Commercial banks are subject to an additional tax at the rate of 10% on taxable income above MWK 10 billion (effective 5 April 2023).

For a mining company, an additional resource rent tax at the rate of 15% is levied on the after-tax profits if the company's rate of return exceeds 20%.