MRA seals Mike Appeal and Gatto offices over K1.2 billion unpaid taxes

Feb 29, 2016 Business 19
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MRA Seals Mike Appeal and Gatto over K1.2 billion unpaid taxes sealed

The Malawi Revenue Authority (MRA) has today sealed the offices of Mike Appeal and Gatto offices in Blantyre and Lilongwe over K1.2 billion in unpaid tax.

“We have sealed the offices of Mike Appel and Gatto Limited in Blantyre and Lilongwe. The car dealer owes Malawians over K1.2 billion in unpaid taxes. We have also seized a number of cars in the showroom” announced MRA on its Facebook page.

A summary that MRA issued, shows that Mike Appeal and Gatto had evaded paying K495 million which made the company to accumulate over K741 million in penalty and interests. The larger accumulation is on VAT and Corporate tax as the company failed to pay over K232.7 million and K231.6 million in the two categories captured in the table below.

Mike Appeal and Gatto are official dealers and distributors of  General Motors car brands which include Chevrolet, GMC,  Hummer, Opel and Vauxhall. The company is also a distributor of Isuzu motor vehicles and trucks.

 

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19 Comments

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