Malawi government has appointed a new board chairperson of the Malawi Revenue Authority (MRA) who will oversee the tax collection body for the next three years. She is Evelyn Mwapasa.
Bachelor of Accountancy, Master of Business Administration (MBA), Certified Public Accountant (CPA), Fellow of the Chartered Certified Accountants (FCCA) are some of Mwapasa’s qualifications.
Mwapasa, well versed in the finance and management, is the incumbent chief executive officer of the Institute of Chartered Accountants in Malawi (ICAM)-formerly SOCAM.
She has served in many senior managerial positions locally and internationally and was also a World Bank consultant.
The appointment comes at a challenging time when Minister of Finance Goodall Gondwe said in his budget that government is expecting K592 billion of tax revenue from MRA and yet tax collection is not yet K400 billion and on a downward spiral for the past 5 months.
Beginning July 2014 Malawi tax collection is not impressive compared to the previous 2 financial years when tax collection targets set in the national budget were beaten by MRA by K48 billion and K22 billion.
Regardless of excuses on economic inactivity, the noticeable factor of revenue non-performance is, according to staff at MRA, the fear spread of commissioner general Ralph Kamoto conduct.
Kamoto has fired and suspended many employees; those working are doing so under pressure from the gaps left by fired and suspended colleagues. Most say there is no job security.
Mwapasa has replaced Thomas Mpinganjira who was at the helm since 2012.
Mpinganjira owns FDH bank which is tipped to by state-owned Malawi Savings Bank.Follow and Subscribe Nyasa TV :