Want calculate your vat? Use Malawi vat calculator. Below is an overview of the VAT (Value Added Tax) rates in Malawi:
Category | VAT Rate | Description |
---|---|---|
Standard Rate | 16.5% | Applies to most goods and services provided in Malawi, including imports. |
Zero-Rated Goods and Services | 0% | Applies to exports and certain essential goods/services such as basic foodstuffs, agricultural inputs, and prescribed medicines. |
Exempt Goods and Services | Exempt | Certain goods/services are VAT-exempt, including financial services, educational services, and public transport. |
Additional Notes:
- Standard Rate (16.5%): This is the general VAT rate in Malawi, applied to the majority of goods and services within the country. It’s designed to generate revenue for the government while maintaining a broad tax base.
- Zero-Rated: Items such as exports, basic foodstuffs, agricultural products, and certain medicines are zero-rated, meaning they are taxed at 0%, allowing businesses to claim VAT credits on inputs while keeping these goods affordable.
- Exemptions: No VAT is charged on exempt goods and services. This category includes essential services like education, healthcare, and certain financial services, which are critical for public welfare and economic development.
This overview provides a clear understanding of how VAT is structured in Malawi, reflecting the country’s approach to taxation in various sectors.
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Vat Rates Distribution
Country | Standard VAT Rate | Reduced VAT Rate | VAT Authority Website |
---|---|---|---|
United Kingdom | 20% | 5% | UK VAT |
Ireland | 23% | 13.5%, 9%, 4.8% | Revenue Ireland |
Afghanistan | 10% | – | – |
Albania | 20% | 6% | – |
Algeria | 19% | 9% | – |
Andorra | 4.5% | 9.5% (higher), 1% (reduced) | Andorra VAT |
Angola | 14% | 7%, 5% | Angola VAT |
Anguilla | 13% | – | Anguilla GST |
Argentina | 21% | 27% (higher), 10.5%, 3% | – |
Australia | 10% | – | ATO GST |
Austria | 20% | 13%, 10% | Austria VAT |
Azerbaijan | 18% | – | Azerbaijan VAT |
Bahamas | 10% | – | Bahamas VAT |
Bahrain | 10% | – | Bahrain VAT |
Bangladesh | 15% | 10%, 7.5%, 5%, 4.5%, 2%, 1.5% | Bangladesh VAT |
Barbados | 17.5% | 22% (higher), 10% | Barbados VAT |
Belarus | 20% | 26% (higher), 10% | Belarus VAT |
Belgium | 21% | 12%, 6% | Belgium VAT |
Benin | 18% | – | Benin VAT |
Bolivia | 13% | – | Bolivia VAT |
Bosnia & Herzegovina | 17% | – | Bosnia VAT |
Botswana | 14% | – | Botswana VAT |
Brazil | 18% | 12%, 7%, 2%-5%, 1.6%-7.6%, 3% | Brazil VAT |