The Consumers Association of Malawi (CAMA) has hailed the Malawi Revenue Authority (MRA) for putting in place good policies to ensure that it collects more revenue.
This is follows reports that MRA has collected about 58.79 billion kwacha in the month of August against projected revenue of 52.5 billion kwacha.
Executive Director for CAMA John Kapito said the current bosses at MRA are serious about their job and this is commendable.
“It’s a good development that MRA is collecting more than projected tax, the current leadership is doing well,” said Kapito.
He further encouraged MRA to continue doing the good job, saying its recent performance has shown that it can collect more revenue than it has done so far.
The activist also reminded MRA that it holds the country’s development since the collected revenue is used for implementing government programs.
The revenue collector has been beating its set revenue target for the past three months. In June, MRA collected K56.1 billion beating the target of K54.3 billion by K1.8 billion and in July, the authority collected K62.5 billion against a projection of K59.6 billion hence exceeding the target by K2.9 billion.
For this fiscal year, the authority has collected K121 billion against a projection of K112 billion, registering an excess collection of K8.8 billion.
MRA’s Deputy Director Corporate Affairs Steven Kapoloma last week said the remarkable performance is due to strong collections in Pay As You Earn, Value Added Tax, Provisional Tax, Excise Duties, Fringe Benefit Tax, Dividend Tax and Non Resident Tax.
“This has been witnessed in the improved collection for the three consecutive months. The tax base is widening and we are optimistic that this progress will continue,” said Kapoloma.