Tax Administration Act, 2021.

Abstract

The Tax Administration Act 2021 provides the legislative framework for the effective administration, collection, and enforcement of taxes in Malawi. It establishes the Malawi Revenue Authority as the primary body responsible for implementing tax laws, outlines procedures for registration, assessment, and payment of taxes, and sets out the rights and obligations of taxpayers, tax practitioners, and tax officers. The Act also addresses penalties for non-compliance, offences related to tax administration, and regulatory provisions to facilitate transparency, accountability, and coordination between different tax laws. Additionally, it incorporates provisions for international tax agreements and promotes efficient and fair tax administration to support revenue mobilization for national development.