by KBaccounting | Jan 11, 2023 | Blog, News & Events, Tax Rates
VALUE ADDED TAX (VAT) IN MALAWI What is Value Added Tax? A value-added tax, known in some countries as a goods and services tax, is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production,...
by KBaccounting | Feb 24, 2022 | Blog, News & Events, Tax Rates
Tax policy measures for the 2022/2023 budget CUSTOMS & EXCISE Removed Import and excise tax on solar lamps Import and excise tax on solar fridges Import and excise tax on sanitary pads Import duty and excise tax on interchangeable tyre re-treads Import duty and...
by KBaccounting | Oct 21, 2020 | Blog
Running a business is like keeping an egg. All you need to know is to have that knowledge and skill to keep the egg in a form and place that will guarantee you happiness in future dates. There are a number of stages in business but our focus is for those businesses...
by KBaccounting | Jun 8, 2020 | Blog
Most SMES repeat the mistake of preparing accounts for the sake of Malawi Revenue Authority. This in turn forces them to lose the tangibility of financial statements. Before you get excited with your accounts you should be able to enjoy the benefits below. If you are...
by KBaccounting | Feb 21, 2020 | Blog
WHAT IF THIS WAS TRUE WITH YOUR ACCOUNTING SYSTEM? Noone wants to spend more time organizing records, sending documents, etc. Every wants to spend more time growing the business. What if you had an accounting system with the following features. Access your account,...
by KBaccounting | Feb 5, 2020 | Blog
In the recent years, small and medium enterprises have faced a number of challenges and below is a summary of those challenges. Inadequate Hiring ProcessPoor Planning and inefficiency in hiringNo contracts, or contracts without necessary information or...
