In its 2019 Least Developed Countries (LDCs) Report, the United Nations Conference on Trade and Development (Unctad) says Malawi continues to perform well on tax reforms and dealing with debt.

Unctad said that amidst nine LDCs in taxation reforms. Malawi has outperformed. On the other hand, Unctad observes that Malawi’s domestic and external debt has increased in the last five years, but the country has managed to reach the Heavily Indebted Poor Countries (Hipc) completion point as at February this year, alongside other 27 LCDs.

In its 2019 Economic and Fiscal Policy Statement (Efps), Treasury has outlined its plans to widen the tax net and broaden the base by, among others, exploring new areas to tax, increase enforcement and monitoring compliance. The report emphasizes that government will continue to review tax legislation, including the establishment of a Revenue Appeals Tribunal for efficient resolution of tax disputes.