Parliament as well as the nation is now considering and digesting the 2015/2016 national budget amounting to K901 billion which was presented to Parliament on Friday 22nd May 2015 by the Minister of Finance Goodall Gondwe. Already various comments and observations have started pouring in from various stakeholders which will no doubt assist members of […]
Opposition Malawi Congress Party (MCP) Member of Parliament for Dedza East, Juliana Lunguzi, has demanded a halt to a proposed tax on internet use, saying. this move will make Malawians unable to access internet services and therefore be denied their right to information. Finance, Economic Planning and Development Minister Goodall Gondwe announced that starting this […]
Malawi Finance, Economic Planning and Development Minister Goodall Gondwe on Friday said the 2015/16 budget which has no budgetary support from donors will be financed by local resources and announced new tax measures including a 10 percent excise duty to be levied on phone text messaging and all data transfers, including internet and similar services. […]
An independent member of parliament for Karonga Central, Frank Mwenefumbo, has proposed that Malawi should consider introducing a carbon tax. “I would like to propose that there must be an imposition of carbon tax,” Mwenefumbo told parliament. “If you go to our neighbouring countries and when you are driving, you are asked to pay something […]
The Malawi Revenue Authority (MRA) has said there is an increase in number of vehicles being seized due to non-payment of duty. Oftentimes, according to the Authority’s Commissioner General, Raphael Kamoto, the buyers whose vehicles have been seized claim that they were not aware that duty was not paid for since the vehicles had a […]
Small-scale importers of used cars in Malawi are crying foul over current taxation imposed on imported vehicles. Malawi has seen an influx of used cars, mostly imported from Japan. The vehicles are sold at low prices, some as cheap as 2,500 dollars apiece. Lilongwe Used Car Association (LUCA) are up in arms over the higher […]
A published Malawi Revenue Performance Report for December 2014 says total tax collected amounted to K38.42 billion. The collection represents a 6.1 percent surplus or K2.2 billion more than the projected revenues of K36.2 billion for the month. This development means gross tax revenues collected for the first half of 2014/15 fiscal year, is at […]
The Malawi Revenue Authority (MRA) has taken over the responsibility of collecting International Transit Fees (ITF) from the Road Fund Administration (RRA), which has been responsible for all transit fees revenue collection from all the entry border stations across the country including Customs stations in Mzuzu, Lilongwe and Blantyre. The change follows an agreement signed […]
The Malawi Revenue Authority (MRA) and the Anti-Corruption Bureau (ACB) have warned unscrupulous businesses against abusing the Industrial Rebate, Export Processing Zones (EPZ) and Duty Free Schemes for importation of qualifying items by fraudulently working with suppliers abroad to inflate importation costs. The two bodies also claimed that they have identified some people who have […]
Businessman and cashgate suspect Oswald Lutepo’s conscience is apparently bearing down on him. He has been placed on suicide watch at Kamuzu Central Hospital where he’s receiving treatment after his arrest on fresh charges of tax evasion. Police guarding Lutepo said he was depressed and was on suicide watch after he surrended himself to the […]
Chief Cashgate suspect Oswald Lutepo was nabbed by Police on Monday for tax evasion charges and became seriously ill after being arrested. He was rushed to Kamuzu Central Hospital in the evening for suspected high blood pressure. Nyasa Times reported Friday that public tax collector, Malawi Revenue Authority (MRA) obtained an arrest warrant for Lutepo […]
Arrested former budget director Paul Mphwiyo is ill and is being watched by police at the hospital where he is being treated for heart problems. Mphwiyo was arrested Friday by the Anti-Corruption Bureau (ACB), in a joint operation with the Malawi Revenue Authority (MRA), together with businessperson Shiraz Ferreira and Nelson Johannes Kauwa of Thuso […]
Public tax collector, Malawi Revenue Authority (MRA) obtained an arrest warrant for businessman Oswald Lutepo, a prime suspect in the plundering of public funds dubbed cashgate scandal for tax evasion. Lutepo was earmarked for arrest on Friday together with former Ministry Finance Budget Director Paul Mphwiyo, businessmen Shiraz Ferreira and Nelson Johannes Kauwa. He was […]
It never rains but pours for former Ministry of Finance Budget Director Paul Mphwiyo who was Friday rearrested together with businessman Nelson Kauwa of South African-based Thuso Group. Nyasa Times understands that the suspects have been arrested on tax issues. Malawi Revenue Authority (MRA) deputy director responsible for corporate affairs, Steve Kapoloma, confirmed the arrests. […]
Malawi President Peter Mutharika has appealed to citizens and corporate organisation not to evade tax, saying the government needs to collect enough revenue to run the affairs of the country after it adopted the zero aid budget. He said Malawians should understand the obligations of being a good citizen and pay tax to run the state operations. […]
Malawi Revenue Authority (MRA) beat its first quarter (July to September) revenue collection target by K880 million (US$2 120 482), collecting K111.61 billion (US$268 939 759) against the projection of K110.73 billion. The published tax revenue performance report indicates that in September, MRA collected K36 billion, exceeding the target of K35.14 billion for the month […]
Malawi government has announced in the 2014/15 national budget that corporate tax has been reduced without increasing any consumer taxes amid the absence donor injections into the budget. One of the key highlight in the budget, presented in Parliament by Minister of Finance, Economic Planning and Development Goodall Gondwe on Tuesday, is the reduction of […]
Minister of Finance Goodall Gondwe has said Malawi Revenue Authority (MRA) will start collecting taxes from those working in diplomatic missions. Gondwe said this on Tuesday in Parliament when he unpacked the 2014/15 zero-aid budget amounting to K729 billion which does not include budgetary support from donors. Announcing new revenue measures, turned his attention to […]