Malawi Govt suspends duty free week

Officials from Malawi Revenue Authority (MRA) say there will not be duty free week this financial year which ends in March.
MRA commissioner general John Bizwick said this is the case because the ministry of Finance did not factor in the duty free week in the national budget this year.

MRA boss, John Bizwick
Duty Free Week was one of the key promises made by the Tonse Alliance in the run-up to the June 23, 2020 Fresh Presidential Elections.
According to Bizwick, the Duty Free Week implemented in January last year was clearly spelt out in the 2021/22 national budget.
He said if the government wants a Duty Free Week in the next budget, then it has to be clearly stipulated in the budget statement to be presented in the coming weeks.
Meanwhile, Bizwick says MRA has managed to collect K1.14 trillion in the nine months of the 2022/23 fiscal year, from April 2022 to December 2022.
He said this in Lilongwe on Tuesday when MRA appeared before the Budget and Finance Committee of Parliament.
According to Bizwick, the amount collected is K1.19 billion more than the targeted K1.138 trillion.
He said in order to meet its target for the fiscal year, MRA needs to collect K397 billion in the fourth quarter, between January and March 2023.

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