Malawi Revenue Authority (MRA) has announced that it has failed to meet its 2015/16 tax projections with over K9.18 billion in the face of a lousy economic situation the country is sailing through.
Making the revelations in its revenue performance report for February issued, the exchequer also announced beating its targets for last month.
“In the month of February 2016, Malawi Revenue Authority collected MK 44.27 billion exceeding the target of K43.65 billion by 0.6 billion (1.4 percent). Cumulatively, total tax revenues collected during FY2015/16 to date amounted to MK 373.41 billion against a projection of MK 382.59 billion, representing a 98 percent collection” announced MRA in a statement released today.
However, MRA failed to collect about K1 billion from big businesses and companies in corporate tax.
“A negative variance of 26 percent was recorded under Corporate Tax by a collection of MK2.2 billion against a monthly target of MK3 billion”.
Increased enforcement efforts and improved levels of taxpayers’ compliance has been accredited as reasons MRA has collected more than 17 percent above the target on Exercise. In contrast, import duty registered a deficit of 6 percent below the target of K4.68 billion for February.
41 thoughts on “Malawi economic crisis bites: MRA fails to collect K9.2billion in revenue”
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Shamed on them
MRA is useless even telling them the malpractices these amwenye are doing invading tax they r ending up taking bribes n they r now building town houses
Those so called revenu collectors are too much corrupt.
Government Revenue Income comes from different Resources, if its FINANCE RESTRUCTURING Programmes Are in place.
Creating foreign and Local Investors window will lead a Prosperer goals of any Economic Growth.
But Malawi Govt is a different story,
They make monies by issuing pasports and increasing its Prices.
They charge heavily on Duty Fee Custom from anyone who buys foreign products from abroad to Malawi Border Posts. In Malawi, Industrization is dead.
Malawians go outside Malawi to buy foreign manufactured goods, bekoz Malawi has got no sized manufacturing industries to produce quality and standards goods.
Who to blame here?
The So called Government of Malawi is in a deep sleep.
Chilichonse chili ndi makonzedwe ache kuti chiyende bwino mwina osayenda bwino.
Malawiyu ali ndi zaka 52 chichokere mumanja mwa atsamunda, pano bola zinthu zabwino zili patali kwambiri.
Kudalira ulimi wokka pa Chuma cha Dziko kwaika mabvuto osaneneka pa moyo wa aMalawi tikunena pano.
1.Maphunziro Malawiyu anayetsetsa, koma ophunzirawo akumuthawa.
2.Chitetezo anayetsetsanso, sitinaione nkhondofe a Malawi.
3.Chakudya anayetsetsako, inde chifukwa chosintha kwa nthawi zativuta zinthu,koma timadzidyetsa tokha.
Kubwera kwa UDF mu 1994, kunali ngati kuika Malawiyu pa Map ya dziko la pansi pa za Chuma, koma kumanga plan yokwezera chuma zinalepheleka.
Kwao kunali kubwezera nkhaza ku MCP ndikuba, osaganizira zamtsogolo ayi.
Ngakhale DPP uyu zimulephelanso popeza apeza zinthu kwa anzachewo zosaphula kanthu. Nayenso kuyambitsa za utundu kulemba nychito zabwino akwa mtundu wa mtsogoleri, ndikubanso kwazaoneni.
Bwanji ngatidi a DPP angasinthe kayendetsedwe ka za Chuma kuti aike nzeru zawo pa ma:
Maini, Mafakitale ndi ma Maindasitale kuti zithandize ulimi kukweza chuma chake,
Kodi mwina zinthu sizisintha?
Chabvutanso utsogoleri wa MALAWI aika mtima pakupanga nzeru zobera
-Osauka
-Kudalira madonala
-Kukapemphapemha.
-Kutulutsa mapasipoti ku nzika ina iliyonse,
Kodi zithandiza Malawi mwina kugwetsa Malawi?
Chumadi chili mnthaka si cha za ulimi chokha ayi, # MIGODINSO. Chitsanzo ndi nebala wathuyu Zambia, ali patali kwambiri tsopano kuposa Malawi pa za chuma, koma zaka zotengera ufulu kufika pano ali pa 50, ndiye a Malawi ophunzirafe tipanga bwanji kukonza zolakwikazi?
Wamisala anaona nkhondo.
Anthu awa samaona kuti ndzochepa amababe ngati mbava imavachison……… Mukapsa kumwamba inu.
Za matumba mwawo bwa? Atleast they manage to collect 4 their pockets, that’s y they are able to buy 2,3 cars at once in this very troubled economy. Selfish idiots
Za matumba mwawo bwa? Atleast they manage to collect 4 their pockets, that’s y they are able to buy 2,3 cars at once in this very troubled economy. Selfish idiots
Kkkkkkkk koma Big apa waonjeza anthu amenewa!
MRA is just lying,these pple are collecting too much money bt they are just directing it into their pockets.Go by our border posts,they custom on goods that do not even need to be.
You must open eyes for choose leader ship in country to avoid things like this.eeee we will see.
You must open eyes for choose leader ship in country to avoid things like this.eeee we will see.
They cant fail! They embezzled our REVENUE!
They cant fail! They embezzled our REVENUE!
zina mwaika mmatumba mwanumo
zina mwaika mmatumba mwanumo
We have collected K44.7 billion for the month of February, beating the target by K0.6 billion. Thank you for Paying Your Taxes. Read full report @ http://bit.ly/1XetPsv
Tht is th solution Chigaga
Tht is th solution Chigaga
Did you see what mra posted today on their timeline?
Did you see what mra posted today on their timeline?