MRA, ACB to recover externalised funds: In joint operation

The Malawi Revenue Authority (MRA) and the Anti-Corruption Bureau (ACB) have warned unscrupulous businesses against abusing the Industrial Rebate, Export Processing Zones (EPZ) and Duty Free Schemes for importation of qualifying items by fraudulently working with suppliers abroad to inflate importation costs.

Ralph Kamoto. MRA boss: We will get them

Ralph Kamoto. MRA boss: We will get them

The two bodies also claimed that they have identified some people who have been remitting funds abroad using fake customs documents from their shell business bank accounts opened using fake identity documents.

“There are also some traders who export products from Malawi and under-declare the official receipts expected from such exports so that the buyers remit the difference in their offshore accounts,” said Raphael Kamoto, MRA Commissioner General.

Kamoto said they are jointly working with ACB to bring to book “these unpatriotic’ individuals using existing legal instruments available under the law.

“We urge all banks to immediately enhance Know Your Customer (KYC) process and diligently scrutinise documents before effecting any remittances, if in doubt, please verify with MRA’s Tax Investigations Division,” stated Kamoto.

On his part ACB Director General, Lucas Kondowe urged those who have been abusing the processes to come forward within the next 14 days and see how they will bring back to the country all the funds that have been externalized through these schemes, and repay the taxes due.

“Failure to do so will result in charges for tax evasion for the taxes not remitted including interest and penalties and charges for illegal externalization of funds for the element of funds illegally remitted through these schemes,” said Kondowe.

Through these illegal acts, the country is denied of tax revenues to fund the national and leads to inaccurate economic data resulting in potentially flawed economic decisions, among others.

“MRA further wishes to remind all taxpayers and the business community that is their obligation and responsibility to come to MRA offices and settle their tax liabilities by themselves,” added Kamoto.

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19 thoughts on “MRA, ACB to recover externalised funds: In joint operation”

  1. Chjkasandungu says:

    Eeeee koma amwne anthu anaba, mundipeze ine bola chiona manso

  2. Aaaaaaaaaaaaaaaaaa,,,,,,rubish

  3. kamphulusa says:

    THERE SHOULD BE NO DISCRIMINATION IN THESE INVESTIGATIONS THERE ARE NON MALAWIANS AS WELL AS MALAWIANS WHO HAVE AMASSED SO MUCH WEALTH BUT HAVE PAID VERY LITTLE IF ANY TAXES AT ALL. MIND YOU SOME OF THE TAX EVEDERS ARE POLITICIANS, WEALTHY BUSINESS PERSONS WITH CONNECTIONS TO PEWERFUL POLITICIANS AND AS SUCH, ONLY SMALL FISH WILL GO INTO THE NET. WHAT IS NEEDED IN MALAWI IS A TOTAL OVERHALL OF THE ENTIRE SYSTEM OTHERWISE WHAT IS GOING TO HAPPEN IS MORE CORRUPTION AS THESE CROOKED PEOPLE WILL ONLY SHARE THE LOOT AT THE EXPENSE OF POOR VOICELESS MALAWIANS WHO ARE THE ONES SUFFERING DUE AID FREEZE.

  4. foot-soldier says:

    Charge the Lido guy if you are serious with your ‘cashgate’ nonsense! otherwise people will wrongly conclude the only reason you are hounding Lutepo is to exact vengeance over president thief joyce banda!

  5. Fox Smith says:

    Asa mbwiyache wayamba bwino these traders were feeding fat cats while externalising our resources Kamoto more fire

  6. komwa phiri says:

    ACB Strike on Friday due to low perks

  7. Tee Kay says:

    to hell with MRA… and fake governments… we will deal with this crap… we have syffered long enough… you take us for fools… I want a better country for my children … tooo late for me coz of some few greedy basterds… but my children WILL enjoy their country equally with all other Malawianss…. GOD Bless Malawi and rid it of its enemies … Within and without

  8. Gaba says:

    All in all the ACB nd MRA get the Lido guy in jail for life thiz bastard has stolen mk15 billion so far from government yet u looking at him he has cars parked at his house worth
    Mk1 billion he has properties worth mk8 billion
    Arrest this guy today n the rest will surender themselves

  9. loveness says:

    THESE ARE OUR EDUCATED FOOLS WHO ARE SO CORRUPT THEY CAN THINK OF ANYTHING BUT HOW TO GET BRIBES. IF THERE WERE SERIOUS THEY COULD HAVE HELPED THE GOVERNMENT HOW TO CONTROL PRICES ON COMMODITIES SINCE MALAWIAN ARE FACING VERY HARD TIME.

  10. Moya says:

    Step 1 cashgate
    Step 2 donors freeze aid
    Step 3 government has insufficient funds and tries to get it from citizens.
    Step 4. MRA and ACB being used to squeeze any little that citizens have.
    Source of all this is cashgate..but u are not dealing with it but keep on punishing innocent citizens trying survive. Sort out step 1

  11. BOZA ILO PAKUTI NANSO MULI MUGULU LA KUBA ——– CORRUPTION MRA 95%.

  12. Tony More says:

    For exports government must base prices on world commodity prices. So whatever is exported forex based on the world market prices should be paid in local FDI accounts. Also anything imported for industrial rebate or duty free government must fix or have a baseline price based on world market prices. So no one can over price and externalise forex. Its not difficut through internet and other means to find out prices.

  13. Jabulosi says:

    TALK,TALK AND TALK UNTIL 2019 NO ACTION!!!!!!

  14. Ngongoliwa says:

    TABESANSO ZAKA ZINA ZISANO!!!!!!!!!!!!!!! MAYO!!!!!!!!!!!!!!!!!!!!!!!!!!1

  15. Good Move says:

    I hope the ACB will also investigate and bring to account APM & Nankhumwa for NACgate and Journalistgate. If he is really a man for the poor Malawians, he will be opening a file for this. Mr Tenthani and ur friends should be prepared to give evidence. This is what happens when you surround urselves with pple who are interested in enriching themselves. They have no good advise to give.
    Where did these statchedK500 come from. I guess from the Reserves. People are dying and theWhole president doing this? It just shows that all what he cares is to be in power and grabbing whatever he can from the poor Malawians. All who are oppressing the poor will never have peace and whatever you fo in secret God will expose.
    Pple are working hard tomake Malawi a better place while sekgish individuals are just interested in plundering. Enough is is enough. No wonder in May the first appointment was Mr G Gondwe. Paja mumkati mupitiliza pomwe munasiyila in 2012. Bravo to the few individuals who are not getting involved in this evil act.

  16. Angozo says:

    MRA and ACB if you know them why waiting for them to come up? What this grace period for? Expose them so that they should face the arm of law.

  17. Mbanangwa says:

    MRA & ACB, you have taken the wrong direction. You will still need the business community you are trying to suppress a d suffocate. This will create a lot of anger amongst the populace. Such dissatisfactions and disgruntlement can make the country ungovernable . You are not helping Peter Mutharika at all. You are actually increasing and worsening his woes because another bomb shell will land soon on us all. We will all be pointing fingers at the government.

    1. Mwene says:

      Why are you shielding crooks who have made Malawi Hell!!!! Poor Malawians are suffering because of these few selfish crooks!!!! Most of these are Asians who came to Malawi after being chased by Idi Amin Dada from Uganda.

  18. mona says:

    Toothless organisation’s kodi ngati Akupanga zimenezo ndi a dpp mungawaimbe mlandu inuo full of talking but no action

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