Illovo Sugar says 10% corporate tax on profits above K10 billion will discourage investments

Illovo Sugar Malawi plc has complained that the introduction 10 percent corporate income tax for profits above MK10 billion will discourage investment spirit in the country. This comes as the Malawi government has in the 2024/2025 budget which is pegged at MK5.98 trillion. The budget proposes the extension of the application of the additional 10 […]

The post Illovo Sugar says 10% corporate tax on profits above K10 billion will discourage investments appeared first on Malawi 24.

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