Malawi Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Bank of Malawi Public Notice, Financial Intelligence Authority

Primary Legislation

Proceeds of Serious Crime and Money Laundering Act Malawi, t crypto-specific AML/CFT regulation, the FIA, While not directly regulating cryptocurrencies, this Act governs traditional pay, The Financial Services Act, No. 26 of 2022 (assented to 19 October 2022) governs, Existing laws governing financial services in Malawi include the Banking Act (Ch, The National Payment Systems Act (No. 13 of 2016) gives the RBM authority over p, The Companies Act (No. 15 of 2013) applies generally to businesses but contains, The Financial Services Act (2022) requires non-bank financial institutions to re, Under the Payment Systems Act (2016), a payments service provider license is req, The Capital Markets Act (2010) provides for issuer registrations and securities, The Payment Systems (Licensing) Directive from RBM, which covers electronic mone, The Anti-Money Laundering and Counter-Terrorism Financing Act (2018) imposes cus, Under Section 41 of the AML/CTF Act (2018), financial institutions must apply CD, Beneficial ownership provisions in the Companies Act (2013) and the AML/CTF Act, Proceeds of Crime Act (Chapter 45:03) requires reporting entities to have intern, The Taxation Act (Chapter 41:01) and the Income Tax Act (Chapter 41:02) do not m, Value-Added Tax under the Value Added Tax Act (No. 20 of 2011) does not referenc, Department of Local Government, Industry Regulation and Safety

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

Malawi Revenue Authority (MRA) - General Information: While a direct, stable URL to a specific crypto tax notice might be ephemeral on their news/notices page, the MRA's official website is the primary source of information: https://www.mra.mw/. You would typically find such guidance under "Public Notices," "News & Events," or "Tax Guides" on their website.. Application: When a cryptocurrency is disposed of (sold, exchanged for another crypto, or used to purchase goods/services) and results in a gain, it is generally considered a capital gain. This applies if the crypto is held as an investment by individuals or businesses.. Rate: The standard Capital Gains Tax rate in Malawi is 15%.. Taxable Event: A capital gain arises when the disposal price exceeds the cost basis (the original purchase price plus any associated costs).

Key Facts

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