Some local and international non-governmental organisations classified as “top 20 NGOs” in Malawi, have asked the government to remove excise duty on more of the products they are importing so that the money can benefit more people in communities where they are implementing projects. Each of these “top 20 NGOs” is reportedly spending not less […]
Raging dissatisfaction and anger from new information about taxing pensions has pushed the Malawi Revenue Authority (MRA) out of its cocoon to clarify on the matter. MRA Head of Corporate Affairs Steven Kapoloma says the tax bull has not introduced any Value Added Tax (VAT) on any industry. “Tax laws are formulated through policy at […]
Malawi Congress of Trade Union (MCTU) have expressed delightment with the decision by the new Tonse Alliance government to increase the Tax Free Band from K50 000 to K100 000 as per promised in their campaign manifesto. Finance minister Felix Mlusu announced the good news on Tuesday as he presented a provisional budget in parliament. […]
The Tonse Alliance led government has increased the tax free band from 45 000 to K100 000. This was revealed by Finance Minister Felix Mlusu on Tuesday while presenting the four month provisional budget. Mlusu says the increased is a deliberate move by government to ensure that Malawians have enough money in their pockets to […]
Coronavirus frontline health workers have criticized the government for imposing a 30 percent tax on their risk allowances. They have since asked the government to rescind the decision, saying authorities should appreciate the great role they are playing in identifying and treating people with Covid-19. Charles Simeza, president of the National Organisation of Nurses and […]
Malawi Revenue Authority (MRA) call for tax payers to utilise the Voluntary Compliance Window (VCW) is receiving a positive response since the window was opened three weeks ago. MRA opened a six months VCW from April 8th to 31st October 2020 to allow non-compliant taxpayers to settle their tax obligations without paying penalties, interest or […]
The Malawi Revenue Authority (MRA) will give tax defaulters an opportunity to pay their taxes under the Voluntary Compliance Window (VCW)for a period of six months targeting business operators and all members of the community. The VCW is meant to allow taxpayers with arrears and those who have not been tax compliant to settle their tax obligations […]
The Malawi Revenue Authority (MRA) has collected about MK600 million from both foreign and locally registered motor vehicles since its implementation of the carbon tax on November 25, 2019 but Parliamentary Committee on Natural Resources and Climate Change has said there should be a review in the decision to exempt government vehicles from the levy, […]
The year 2020 will open more room of opportunities to ascertain tax collection by Malawi Revenue Authority (MRA) as it says it will from 16th January start running the Msonkho Online system on a pilot phase. Publicist for the tax body, Steven Kapoloma says Msonkho Online is an integrated tax administration system that will provide organised […]
Malawi Police have arrested 10 people for an overnight looting spree in Karonga as protests against Malawi Revenue Authority (MRA) roadblocks in the district went violent. Karonga police spokesperson Enock Livason said the arrests follow the looting of two Chipiku stores shops. “The owners of the shops are still calculating the cost of the looting […]
Malawi Revenue Authority (MRA) says government vehicles will not be liable for the carbon tax. Spokesperson for MRA Steve Kapoloma said ambulances, all government vehicles and newly imported vehicles will not be liable for this tax which is effective Monday, November 25. “We need to emphasize that all money collected will go to Account number […]
Well-knitted and massive tax evasion acts involving almost all players in the commercial property market have been discovered and rooting out is now ongoing by the Malawi Revenue Authority (MRA). At a news conference at Msonkho House in Blantyre, MRA Commissioner General Tom Malata says the development has come to light after enforcement operations conducted […]
An economic think tank; the Economists Association of Malawi has advised the government to reach an agreement with Castel Malawi Limited, manufacturers of alcoholic and non-alcoholic beverages, over taxes to prevent its closure. President of the association Chiku Kalilombe said this after Castel Malawi officials said the brewery is on the verge of closure due […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha has bowed down to public pressure and announced withdraw of the proposed one percent withholding tax on non-bank mobile money transactions. Mwanamvekha made the announcement in his 2019/20 Budget Debate winding up statement in Parliament in Lilongwe on Monday evening. Several commentators argued that the proposed […]
Main opposition Malawi Congress Party (MCP) and United Democratic Front (UDF) have accused government of the proposed one percent withholding tax on non-bank mobile money transactions which threatens the financial inclusion agenda as the cost of the service will likely rise. In his 2019/2020 national budget, presented recently to parliament, Minister of Finance, Economic Planning and Development Joseph […]
Malawi Revenue Authority (MRA) has sent a warning to all Malawians to clear their items by the end of business on Wednesday March 27 2019 or risk losing already earned properties. A brief notice seen by Nyasa Times indicates that the sale by public auction of all uncleared items including vehicles starts tomorrow 28th March […]
Malawi has been listed as one of the developing countries across the world expected to master the art of managing improved tax systems that will, in turn, ensure maximum collection of taxes with assistance from UK’s Department for International Development (DFID). The new package of support will among others help tackle tax evasions and avoidance […]
The multinational mobile company Airtel is up against efforts from the Malawi Revenue Authority (MRA) to enforce the collection of non-resident tax, in an emerging court case that may be exposing the company’s tax avoidance ploys. Airtel Malawi was commercially launched in 1999, first as Celtel, as the second cellular network in Malawi. It initially […]