Malawi raises tax on betting winnings from 10% to 15%
Malawi’s tax rules now impose a 15% deduction on betting winnings, up from 10%, with the source saying previous exemptions for smaller payouts have ended. The change took effect in December, although the source does not state the year. A nurse and Africa iGaming Alliance chief executive Peter Kesitilwe warned that the tax could push players towards unlicensed platforms.
The higher withholding rate may affect licensed operators if bettors shift to unlicensed platforms, as stakeholders warn.