Gestetner Limited, one of the country’s leading suppliers of ICT solutions and products, has introduced on the market its Electronic Fiscal Devices (EFDs).
The EFD is an electronic monitoring system implemented by the Malawi Revenue Authority (MRA), aimed at enhancing efficiency and compliance on value added tax (VAT) collection in the country.
Every VAT taxpayer throughout Malawi will be mandated to procure, install and use EFDs, a development which will see an increase in revenue collected by the MRA as it is expected to curb tax evasion.
As one of the EFD suppliers in the country, Gestetner last Thursday invited traders in Blantyre to an event where they unveiled three devices the company has on the market.
On the market, Gestetner currently has the Electronic Tax Register (ETR), suitable for businesses that issue cash receipts manually or through electronic cash registers (ECR).
It is also selling the Electronic Signature Device (ESD), used for computer generated tax invoices and other financial documents.
The third device which traders can purchase is the Electronic Fiscal Printer (EFP), a machine suitable for businesses that issue cash sales or invoices via their Point-of-Sale system.
The products’ unveiling coincided with the company’s golden jubilee as it has clocked 50 years of business in Malawi.
Mercy Kamanga, sales and marketing manager for Gestetner, said the 50 years experience in supplying and maintaining business machines in Malawi is a reason enough for traders in the country to choose nothing but EFDs from her company, which are supplied by Datecs.
“We have been there and will always be there. Gestetner is present throughout the country and with our highly trained technicians, we don’t use third parties in both supply and maintenance.
“This best explains how best Gestetner is, we are the best in what we do and this makes us the best suppliers of EFDs in Malawi,” Kamanga told Nyasa Times in an interview, adding, “and we’re approved by MRA.
According to Kamanga, the company is supplying EFDs not only through its offices in the country’s major cities of Blantyre, Lilongwe and Mzuzu, but the rest of the districts across the nation.
Meanwhile, MRA will soon do a pilot phase of the EFD system in selected places before rolling it out throughout the country.
Some of the African countries that Malawi is joining in the electronic fiscal route are Ethiopia, Kenya, Tanzania and Zimbabwe.Follow and Subscribe Nyasa TV :