Malawi: World Bank Warns New Tax Measures Raise Business Costs

The World Bank says Malawi’s new tax measures are increasing the cost of doing business and putting further pressure on firms already grappling with foreign exchange shortages, unreliable electricity, rising input costs and weak demand. In its latest Malawi Economic Monitor published on Thursday, the bank said levies on bank and mobile-money transfers, higher value … The post Taxes increasing cost of business, says World Bank appeared first on Nation Online.