VAT is a tax that is paid by consumers when they in the course of consuming goods and services
VALUE ADDED TAX (VAT) IN MALAWI
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KB Accounting Services Limited is a tax and accounting services firm aimed at providing reliable, efficient and flexible bookkeeping, accounting, tax and accounting package services in Malawi. Our services are personalised to your needs which enhances you focusing on core business activities essential for the growth of your businesses. The services includes once off services such as just providing training to your staffs about systems, approaches ,processes and engaging us for defined period of time.
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2022/2023 BUDGET COMMENTARY -TAX MEASURES
Removing VAT at the end only or at the selling point only is faulting the manufacturer who has already paid tax in the production of cooking oil, and added mark-up on a cost that has tax embedded in it.
5 Reasons Why Businesses Fail in Malawi
Money for the business is not yours until the business decides to pay you through profits, as salary or if you have opted to make drawings for personal use and the business has accepted.