Grant Thornton is a global network of 76,000 people in member firms in 156 markets, with one common goal — to help you realise your ambitions. Our member...
Whether you’re growing in one market or many, looking to operate more effectively, managing risk and regulation, or realising stakeholder value, our firms can help.
In a world that wants more options for high quality services, we differentiate in the market to grow sustainably in today’s rapidly changing environment.
Grant Thornton International Ltd acts as the coordinating entity for member firms in the network with a focus on areas such as strategy, risk, quality monitoring and brand.
The global leadership team (GLT), chaired by the GTIL CEO is a full-time management group dedicated to leading the network in the successful execution of the...
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer-term strategic goals.
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We can assist you with a variety of sustainability advice depending on your needs, ranging from initial strategy development, reporting and compliance support, through to carbon measurement and management.
Our services can strengthen your business and stakeholders' confidence. You'll receive professionally verified results and insights that help you grow.
Our global assurance technology platform provides the ability to conduct client acceptance, consultations and all assurance and other attestation engagements.
Our sustainability assurance services are based on our global network of specialists, helping you make more efficient decisions for the good of your organisation.
We have released 'IFRS Example Consolidated Financial Statements 2025' (Example Financial Statements) to support member firms' commitment to high-quality, consistent application of IFRS. The Example Financial Statements illustrate a twelve-month accounting period beginning on 1 January 2025.
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Through our sustainability tax advisory services, we can advise how environmental taxes, incentives, and obligations can impact your progress, requiring alignment with governmental and legislative pressures.
We offer an extensive range of services to automotive sector stakeholders from supply chain through to distribution, retail and usership. With a variety of...
History has something important to tell us about the difficulties of steering a business to long-term success – through seismic shifts in technology, consumer demands and product development. With that in mind it’s unsurprising that over half the world’s largest companies in the early 1900s had shut their doors by the late 1990s. Some, however, have endured.
Following world events such as the COVID-19 pandemic, Brexit, and changes to regulation and digitalisation, insurers must be alert to the challenges ahead.
We help businesses navigate today’s changing private equity landscape, ensuring that you can respond to ever-changing regulations and investor demands.
When the global COVID-19 pandemic stormed across the globe in early 2020, the private equity sector was hit hard but deals are coming back to the market.
Nervous about partnering with Private Equity? We explore some of the common myths we come across when speaking to mid-market businesses about PE investment.
Jessica Patel, Tax Partner at Grant Thornton UK speaks with tax partners and directors across the network to share their insights on the real estate market and some of the challenges.
Jessica Patel, Tax Partner at Grant Thornton UK speaks with tax partners and directors across the network to share their insights on the real estate market and some of the challenges.
The past two years saw the retail industry experience significant disruption, however there will still be opportunities to effectively reposition for future...
Businesses are seeing rising challenges, and finance heads are dealing with a range of new measures. To say the next 12 months are critical for businesses is an understatement.
In this article, we’ve summarised key elements of the global tax reform proposals, their potential impact on technology industry and advice from our digital tax specialists on what technology companies can do to prepare.
Our research revealed five key trends that resonated with Technology, Media and Telecoms (TMT) industry leaders around the world. We asked a panel of our experts from UK, US, India Ireland and Germany, to give us their reaction to the findings.
Our research revealed five key trends that resonated with Technology, Media and Telecoms (TMT) industry leaders around the world. We asked a panel of our experts from UK, US, India Ireland and Germany, to give us their reaction to the findings.
Technology companies must adopt a new approach to digital risk: those that successfully develop a reputation for digital trust by demonstrating an unwavering commitment to cyber security and data privacy will be able to carve out a competitive advantage.
Figures suggest the mobile sector is maturing. While data usage continues to soar, mobile revenues are expected to flatten out over the next few years.
The COVID-19 pandemic caused unprecedented levels of disruption to the global travel industry. As this evolves, it is unclear what recovery looks like.
Optimism among global mid-market business leaders rose to 67% in the first half of this year and they are markedly more optimistic about their prospects with global optimism having increased by 8%.
For 21 years, the Women in Business report has tracked the proportion of women in senior roles in the mid-market. Progress has been made but with gender equity over 25 years away, that isn’t soon enough.
Mid-market firms are scaling sustainability for growth, not just compliance. Grant Thornton’s International Business Report (IBR) 2025 report reveals how sustainability investments are driving profitability, resilience and global expansion — despite regulatory shifts and political uncertainty.
A shifting global trade landscape is contributing to rising uncertainty, but could it also unlock new opportunites for adaptable mid-market businesses while larger companies opt to wait and see?
Women holding the CFO role is nearing parity – reshaping finance leadership and potentially helping increase female representation across all senior roles.
With seismic shifts in the global landscape, leaders must take deliberate action to propel their businesses into a more inclusive future, foster innovation,...
Women holding the CFO role is nearing parity – reshaping finance leadership and potentially helping increase female representation across all senior roles.
We saw an increase in the percentage of senior management roles held by women, on a global level, but there are some significant regional and country variations.
Mid-market firms are scaling sustainability for growth, not just compliance. Grant Thornton’s International Business Report (IBR) 2025 report reveals how sustainability investments are driving profitability, resilience and global expansion — despite regulatory shifts and political uncertainty.
The world needs a sustainable mid-market. It’s vital to economies, societies and the
planet. Businesses, governments, and other stakeholders must work collaboratively to make
sure this vital part of the world economy succeeds.
As organisations in the private sector make commitments and plans to reach net zero, there's a growing need for stakeholders to be able to assess the credibility of their transition plans.
A shifting global trade landscape is contributing to rising uncertainty, but could it also unlock new opportunites for adaptable mid-market businesses while larger companies opt to wait and see?
Across the globe, companies’ tax affairs are facing increasing scrutiny from regulators, communities and clients. Read our latest insights ranging from BEPS to...
Growing businesses that send their greatest assets – their people – overseas to work can face certain tax burdens, our global guide highlights the common tax rates and issues.
Helping you easily find everything you need to know about the rules and regulations regarding transfer pricing and Country by Country reporting for every country you do business with.
Global transfer pricing guide
Transfer pricing - Malawi
01 Jan 20252 min read
This publication provides a high-level overview of Malawi's transfer pricing rules and outlines who to contact for expert guidance in this area.
Contents
Introduction to transfer pricing in Malawi
Malawi enacted the Taxation (Transfer Pricing Documentation) Regulations 2017, as well as the Taxation (Transfer Pricing) Regulations 2017.
The TP regulations apply to cross-border transactions between related persons and are based on OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations.
Malawi’s TP legislation places the onus on taxpayers to self- assess their TP positions and to be able to demonstrate the arm’s length price applied in the intragroup transactions. Unlike the OECD guidance, the Malawi TP rules includes determination of arm’s length transactions with domestic related parties.
Transfer pricing documentation
The Malawi TP documentation rules require the taxpayer to prepare and file the TP return and the CbC report.
There is no specific requirement to prepare and file the TP master file and local file, documentation must be submitted within 45 days after a written request issued by the Commissioner General of the MRA.
Transactions conducted with related parties that operate in low tax jurisdictions (tax paradise).
Persistent losses in any entity can be a reason of a full tax audit with a risk of potential significant tax adjustment.
Tax deductions for intra-group head office charges and interest rates on intra-group loans are capped by tax regulations.
Where the Malawi Revenue Authority has requested for documentation, the documentation rules stipulate that "Any person who fails to comply with a notice served on him by the Commissioner General under regulation 5 shall be liable to":
an initial penalty not exceeding the Malawi Kwacha equivalent of 1,400 United States Dollars at the prevailing exchange rate; and
further penalties not exceeding the Kwacha amount equivalent of 2100 United States Dollars at the prevailing exchange rate to for each period of one month where the failure continues.
Economic analysis and how to demonstrate an arm’s length result
The TP legislation is placing the onus on taxpayers to self - assess their TP positions and to be able to demonstrate the arm’s length price applied in the intragroup transactions.
Advance Pricing Agreements (APAs), dispute avoidance and resolution
There is no APA program available in Malawi.
Exemptions
Generally all entities whose related party transaction threshold is below 135,000 United States Dollars to Malawi equivalent at the prevailing bank lending rate are exempted from a TP perspective but to the satisfaction of the Commissioner General when such transactions are presented to him.
Related developments
No specific TP provisions in relation to Covid-19.
Contact us
For further information on transfer pricing in Malawi please contact:
