The one in the picture is Stewart Malata CEO of Roads Fund Administration and elder brother to Tom Malata.
All of them are very inteligent, ethical, hardworking and disciplined.
kanjedza
7 years ago
Guess what- stamp duty on Insurance policy has been increased from Mk00-80 tambala to Mk 1,000-00 for each policy . Imagine if there are two million insurance policies in Malawi, how much does it work out????? –
kanjedza
7 years ago
Most of the money has come in because of withholding tax deducted from the paltry interest given by the banks to customers every month. Previously WHT was deducted only if you earn an interest of Mk 10,000-00 and more . Now a days even if you credited it Mk 10-00 interest, WHT is deducted. And to get the deduction certificate from the bank is a nightmare, takes about a month or more and walk to the bank at least 10 times Also payment by the treasury to business attract WHT even if you have an exemption certificate. When asked, treasury… Read more »
How would u claim that much of the money is from WHT when u’ve been given the breakdown, wth PAYE and VAT contributing kwambiri.. I like the idea of no thresholds of WHT on earned interest.. That was prone to tax avoidance. Why shld someone criticise that bold reform? Treasury is also right not to trust the suppliers of their WHT certificates. Mwachuluka ma crook kwambiri. Bravo MoF.. After all, why worrying about through whom they pay their WHT? Kwinako mufunako chani? Zaumbava basi…
Achimidzimidzi
7 years ago
Congratulations!!. Well done MRA . You are working really hard.
However, all that money will not benefit Malawi taxpayers, we need to pay back the loans we got for tractors and maize. I am very sorry. Your efforts are being wasted at other end of the system.
Nde ena abe ……agulu achabechabe akanyimbi
The one in the picture is Stewart Malata CEO of Roads Fund Administration and elder brother to Tom Malata.
All of them are very inteligent, ethical, hardworking and disciplined.
Guess what- stamp duty on Insurance policy has been increased from Mk00-80 tambala to Mk 1,000-00 for each policy . Imagine if there are two million insurance policies in Malawi, how much does it work out????? –
Most of the money has come in because of withholding tax deducted from the paltry interest given by the banks to customers every month. Previously WHT was deducted only if you earn an interest of Mk 10,000-00 and more . Now a days even if you credited it Mk 10-00 interest, WHT is deducted. And to get the deduction certificate from the bank is a nightmare, takes about a month or more and walk to the bank at least 10 times Also payment by the treasury to business attract WHT even if you have an exemption certificate. When asked, treasury… Read more »
How would u claim that much of the money is from WHT when u’ve been given the breakdown, wth PAYE and VAT contributing kwambiri.. I like the idea of no thresholds of WHT on earned interest.. That was prone to tax avoidance. Why shld someone criticise that bold reform? Treasury is also right not to trust the suppliers of their WHT certificates. Mwachuluka ma crook kwambiri. Bravo MoF.. After all, why worrying about through whom they pay their WHT? Kwinako mufunako chani? Zaumbava basi…
Congratulations!!. Well done MRA . You are working really hard.
However, all that money will not benefit Malawi taxpayers, we need to pay back the loans we got for tractors and maize. I am very sorry. Your efforts are being wasted at other end of the system.