Member countries under the African Tax Administrations Forum (ATAF) are having a two-day conference on Value Added Tax in Blantyre, Malawi. The conference which has started on March 1, 2017 is aimed at ‘Priortising Domestic Taxes in Africa’ and it is being co-hosted by the Malawi Revenue Authority (MRA) In his address, ATAF Executive Secretary […]
The Malawi Revenue Authority (MRA) has admitted the existence of both genuine and fake Electronic Fiscal Devices (EFDs) and receipts on the market but defended the development, saying it is not affecting its revenue collections targets. MRAlaunched the EFDs in 2014 inorder to enhance tax collections by ensuring tax compliance of Value Added Tax (VAT) […]
The Malawi Revenue Authority (MRA) Friday urged the Civil Society Organisations (CSOs) in the country to be tax compliant first if they were to take the message to the masses. MRA Deputy Commissioner General, Roza Mbilizi, made the appeal in Lilongwe during the national workshop with CSO leaders as a way of enhancing the ongoing […]
The Malawi Revenue Authority (MRA) says as of January 31, 2017, it had collected MK449bn against the target of MK411.2bn, registering a surplus of MK37.77bn. MRA Deputy Commissioner General, Roza Mbilizi, disclosed this in Lilongwe on Friday during the national workshop with CSO leaders aimed at enhancing the ongoing ‘Everyone Must Pay Tax’ campaign. She […]
The Malawi Revenue Authority (MRA) has launched an ‘Everyone Must Pay Tax’ campaign with an aim to improve compliance behavior by encouraging individuals and businesses to register for tax besides filing correctly and timely their due tax returns. The campaign was launched in Blantyre on Friday and among other activities lined up was to engage […]
There have been convictions on money laundering bordering on “cash gate”. It took a couple of years to have this legislation in place. I recall a lot of sensitisation meetings for the general public, media, MPs, financial experts to come to grips with the legislation. Fast forward, we all have woken up that you can […]
President Peter Mutharika has appealed to the Malawi Human Rights Commission (MHRC) to extend their work to areas of tax evasion and money laundering as they also contribute to denying people from enjoying their full economic rights. The President who was speaking at Sanjika Palace in Blantyre when he met with commissioners of the MHRC […]
The Malawi Revenue Authority (MRA) says it collected a total of K377 billion against a target of K339.1 billion during the first half of this fiscal year beating the target by K37.9 billion for the six-month period. A report on its website, www.mra.mw shows that MRA has collected of K60.4 billion in December, 2016 also beating the […]
The Malawi Revenue Authority (MRA) has beaten the set revenue target for October 2016 by K7.8 billion, MRA Deputy Director of Corporate Affairs Steven Kapoloma has said. Briefing news organisations at Msonkho House in Blantyre, Kapoloma said MRA has registered a total collection of K71.8 billion against a target of K64 billion. “This represents a […]
The Asian community doing business in Mzuzu says it is excited with the implementation of Electrical Fiscal Devices (EFDs) by the Malawi Revenue Authority (MRA), arguing it will help them contribute effectively to the country’s development as far as collection of Value Added Tax (VAT) is concerned. MRA is currently undertaking the full implementation of […]
Despite differences of religion, tribe, politics and allegiances in various sectors, many Malawians are displaying qualities of patriotism by positively contributing to the national budget in paying taxes. This is clearly showing now, almost three years after international donors withdrew all the 40 percent direct budgetary support they gave Malawi. Parliament authorised government to use […]
The Malawi Revenue Authority (MRA) is forging ahead in the fight against tax evasion as a n update on its website, www.mra.mw indicates that the body has cornered three Chinese business people for tax crimes. This comes just shortly after President Peter Mutharika said Malawi is losing a lot of money through tax evasion, which is crippling […]
President Peter Mutharika has said Malawi is losing a lot of money through tax evasion and his government will put up mechanisms to halt such malpractice which he said is crippling the economy and development of the country. Mutharika made the remarks on Thursday at Luwerezi during a development rally in Traditional Authority Khosolo in […]
Public schools closed on Friday for academic year end holiday but when the schools open in September, students will have to pay 14 per cent or more for the price of an exercise book. This is because the government has silently introduced a 14 per cent VAT on exercise books. Economist Henry Kachaje took to […]
Newspaper cover prices have increased in Malawi with the country media giant Times Group announcing the new prices for all of its titles. The flagship dail newspaper, The Daily Times will now cost K450 but its Wednesday edition which carries Business Times insert will be K500, the publication said. The Media Institute of Southern Africa […]
Goodall Gondwe, the Finance Minister, has said in his budget statement that Malawi Revenue Authority (MRA) is expected to collect K748 billion in order to finance the 2016/17 budget and that the nation should expect rise in taxes. Gondwe said like in other SADC countries much emphasis is in Value Added Tax and Malawi government […]
Business captains have asked the government to reduce excise duty on beers locally brewed saying the 40 per cent taxes are choking the beer industry. Malawi Confederation of Chambers and Industry (MCCI) chief executive officer Chancellor Kaferapanjira said this Tuesday in Lilongwe when Finance Minister Goodall Gondwe held pre-budget session. Kaferapanjira said the 40 percent […]
Crossroads Hotel is under investigation for alleged tax evasion through abuse of a duty waiver, Nyasa Times understands. According to information gathered by Nyasa Times, Crossroads Hotel was granted a waiver of duty by Malawi Revenue Authority (MRA) on a hotel project they are building in Blantyre. However, the owners of the hotel are alleged […]