Malawi tax measures to spur trade

Malawi has unveiled plans to roll out tax measures that will facilitate greater regional integration and boost trade and economic growth.

Among these is a duty-free week for imports not exceeding US$3,000.

In the 2021/2022 National Budget presentation in Parliament, Finance Minister Felix Mlusu said the duty-free week was designed to primarily support SMEs. Minister Mlusu said Malawi would also increase the COMESA Simplified Trade Regime threshold from US$2,000 to US$3,000, also to bolster small businesses.

“This trade arrangement will allow cross border traders to enjoy duty-free status when they import goods originating from other member states in the COMESA region,” he said. Read More.

Leave a Reply:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.