The Youth Association for Democracy (YADEMA) has followed with keen interest the developments surrounding the borrowing of K15 Billion by the Malawi Revenue Authority. From what we have gathered, the following comes out clear. A. IN RESPECT OF THE COMMISSIONER GENERAL OF MRA The law in S. 20(5)(b) of the Malawi Revenue Authority Act allows […]
While Malawi Revenue Authority (MRA) is struggling to explain itself on the role it played on the ‘budget-gat’ scandal, the tax collectors are also stuck with three cheques they were drawn in favour of Callista Mutharika Safe Motherhood foundation days before the death of President Bingu wa Mutharika. Once thorough investigation are made MRA officials […]
Malawi’s vocal Civil Society Organizations have unequivocally demanded that Finance Minister Ken Lipenga and Malawi Revenue Authority (MRA) boss Lloyd Muhara spare themselves the embarrassment by voluntarily resigning from their respective posts with immediate effect. Lipenga admitted the revenue authority borrowed K15 billion to paint a picture that the late Bingu wa Mutharika’s initiative–Zero Deficit […]
Malawi Finance Minister Dr Ken Lipenga says he does not see any basis on chorus calls for him to resign after he admitted that Malawi Revenue Authority (MRA) borrowed K15 billion to paint a picture that the late Bingu wa Mutharika handwork –Zero Deficit Budget – was working. Deceased Mutharika introduced the Zero-Deficit Budget after […]
Malawi Leader of Opposition John Tembo has said Finance Minister Ken Lipenga should step down for willfully misleading parliament over the state of the economy during the mid-term budget review. Parliamentarian George Nnesa accused the finance minister of deception after Lipenga said the Malawi Revenue Authority (MRA) collected more than projected revenues of $60million. Nnesa […]
After Minister of Finance Ken Lipenga conceded that Malawi Revenue Authority (MRA) cooked up figures on revenue collection to impress Malawians that the zero-deficit budget was on track, the Peoples Progressive Movement (PPM) of Mark Katsonga has joined Malawians in telling the Minister to stop lying and honourably resign. In a statement released on Thursday, […]
As pressure continues to mount on Malawi’s Finance Minister Ken Lipenga to resign following his own confession that he lied to Malawians during the midterm budget review earlier this year where he told parliament that the Malawi Revenue Authority (MRA) collected above the projected revenue of K115 billion, he has mounted his defence campaign from […]
Malawi’s Minister of Finance Ken Lipenga Has made a shocking admission that the Malawi Revenue Authority (MRA) borrowed money from local commercial banks to give an impression that revenue collection was impressive in the first half of the financial year had basis. Late President Bingu wa Mutharika told parliament in February that domestic revenue amounted to about K120 […]
Alliance for Democracy (Aford) MP for Karonga Nyungwe, Khwauli Msiska, on Thursday a day reserved for private members motion in parliament, moved a motion to launch full investigations into allegations that Malawi Revenue Authority (MRA) borrowed money from commercial banks to paint a rosy picture in the infamous Zero-Deficit budget. George Mnesa the Balaka South […]
Official regulators like the Malawi Bureau of Standards (MBS), Malawi Revenue Authority (MRA), Malawi Police Service and the Ministry of Health continue to corruptly allow the entry of substandard products in the country at the expense of consumers’ lives and the national economy, Nyasa Times has learnt. Transparency International rated the Malawi Police Service as the most […]
Malawi President Bingu wa Mutharika has accused former president Bakili Muluzi for squandering about US$19 million meant for the abandoned five-star Namiwawa Hotel Project, saying his administration is now tasked to repay the loan from South Africa. According to Mutharika, the former ruling United Democratic Front (UDF) government “borrowed US $18 or US $19m from South Africa to […]
The multimillion Msonkho House owned by the Malawi Revenue Authority (MRA) will be officially inaugurated this Saturday by President Bingu wa Mutharika, ending a lengthy political interference by the ruling parties in the occupation of the tax body. Formerly known as Customs and Income Tax Departments, MRA moved nearly all its main offices which were […]
The Department of Immigration, in conjunction with the Malawi Revenue Authority (MRA), says the law requires that all persons applying for renewal of Temporary Employment Permits (TEP) must present a Tax Clearance Certificate issued by MRA. In a joint statement signed by MRA Commissioner General Lloyd Muhara and the Chief Immigration Officer Elvis Thodi on […]
Just days after shocking revelations of Reserve Bank of Malawi (RBM) plans to build four multimillion swimming pools, new information has also emerged of similar extravagance by the Malawi Revenue Authority (MRA). Reports indicate that MRA plans to construct a K30 million worth swimming pool for the Commissioner General, Lloyd Muhara, at its newly acquired […]
Here I have compared the pre and post 08 Nov 2011 petroleum price build up side by side. One thing is abundantly clear: that both the international market price (FOB) and the landed import price (IBLC) have gone down in all the three products (petrol, diesel and paraffin). Why then should MERA announce a price […]
The real impact from Malawi’s zero-deficit budget have now completely reared its ugly face as taxes meant to generate more local revenue have hit hard the private sector with major retailers scaling down operations. Press Corporation Limited (PCL) have reduced its workforce under subsidiary PTC and Peoples in rural areas while sources have said Shoprite […]
Ruling Democratic Progressive Party regional governor for the South Noel Masangwi is involved in a K41 million tax evasion at Malawi Revenue Authority (MRA) but officials say he is being shielded by President Bingu wa Mutharika. Local media received an injunction stopping them from publishing the story on two occasions. Some lawyers expressed surprise that […]
Malawi President Bingu wa Mutharika is on leave and it is my considered opinion that he deserves one. Any employee should go on leave once in a while; more so when things in the workplace are not well and his employers, the voters, are showing increasing disapproval and dissatisfaction. But having said that, I am forced, by the […]