Malawi

Malawi has a relatively high top marginal personal income tax rate of 40% alongside a corporate income tax rate of 30%. The higher rates are typical of countries with extensive public services and social safety nets. Capital gains are not taxed in Malawi, which is a significant advantage for investors, traders, and those holding appreciating assets such as cryptocurrency or equities. Malawi taxes residents on their worldwide income, including foreign-sourced earnings. This means income from overseas employment, investments, and business activities is subject to domestic tax rates, though double taxation treaties may provide relief. Malawi permits dual citizenship, which provides flexibility for tax planning through establishing residency in a second jurisdiction without forfeiting existing citizenship rights.