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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presdant out
The more the MRA is biting its people the more the people are closing companies . People are crying at Mwanza boarder because the biting is so deep and people hav resolted to a break this is the reason MRA has under collected even business conditions as of now are not Conducive sorry hard luck MRA!
Anything to celebrate here.
Dont point someone figure tomorrow if they will be short supply of medicine in hospitals,maize in admarck deports and so on.
The one to suffer is not P Muntharika as you sugest brothers .
You are to comment means you are better than others who can not to buy a device which can asses FB and buy airtime .
Taxation started even before the birth of Jesus khrist
Too much problems in our country Eeeeeee
The results of stiffling the business community with STUPID laws. That is why when you want to develop a country you have to invest in the people not milking them the little they strive to make on their own effort. Look now! How do expect to get milk from a thin cow?
[READ MY STORY. ON HOW I GOT MY HIV CURED].
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Bwinotu, kuli treason kumudzi kuno. Wavutatu! Akungopereka mimba zaku khwapa!
That’s gud we tied of these guys still our money putting it in there pockets
Sor
malawi basi bwanji tingogulitse president peter kwa dziko lomwe lingafune kuti zikwane coz apa ndie tiembekeze mabvuto oposa alipo kalewa
Ithink custom will be high price in bordergate
How can people manage to pay tax when things are not going well in the country,you talk of people starving,business stall,alot is happening you name it
Eisssshhhhhhhh!!!!!! How many problems should we expect from this gorvenment? how long will we keep on crying? how long will we take this nosense?
Amapanga chibwana asowa choti abe adikile maganyu osola chimanga amenewo timavutika kupeza ndalama
congrats achita bwino kulephela kutolola zokwanila chifukwa olo zikwanile zimangopita mmatumba achina bwampini ndi anzake and ipray that this physical year they must collect much less tione kuti aziba chiyani
congrats achita bwino kulephela kutolola zokwanila chifukwa olo zikwanile zimangopita mmatumba achina bwampini ndi anzake and ipray that this physical year they must collect much less tione kuti aziba chiyani
dpp mmm tiyeni nazo
dpp mmm tiyeni nazo
MRA EMPLOYEES MAKE DEALS WITH BUSINESS PEOPLE AT THE PORT OF ENTRY OR POST OFFICE. THEY REDUCE OR NO TAX AND GIVEN MONEY AFTER WORK HOURS. TAKE A LOOK AT THE CLERKS. THEY DRIVE EXPENSIVE CARS, BUILD EXPENSIVE HOUSES ABOVE THIER SALARIES. ACB NEEDS TO INVESTIGATE MRA EMPLOYEES. GO AND FIND OUT THOSE BIG HOUSES. WHERE DO THEY GET THE MONEY FROM?
Oh!
We need God’s intervention to pass this crisis