MRA collects K71.8bn in October, beats target by K7.8bn

57

The Malawi Revenue Authority (MRA) has beaten the set revenue target for October 2016 by K7.8 billion after collecting K71.8 billion against a projection of K64 billion.

Speaking to the media in Blantyre, MRA Deputy Director of Corporate Affairs Steven Kapoloma said for this fiscal year, from July to October, MRA has collected K251.8 billion which is against a projection of K228.5 billion, registering an excess collection of K23.3 billion.

Money

Ndalama zathawisidwa.

“This four months’ collection represents an increase of 30 percent compared to the same period last year. The revenue collected for the four months in 2015/16 fiscal year was K193.58 billion,” said Kapoloma.

He further said that this year’s remarkable performance for the four months is on account of the reforms championed by the Public Sector Reform Commission which MRA embraced coupled with enforcement measures, staff commitment, and dedication to work.

“Notably Value Added Tax (VAT) collections have increased and Electronic Fiscal Devices (EFDs) are also contributing a lot. The Authority therefore, calls on members of the public to take an active role in demanding fiscal receipts generated by EFDs every time they make a purchase as this will ensure that VAT is well accounted for,” he said.

Meanwhile, MRA is appealing to all taxpayers to be tax compliant as the 2016/17 fiscal year progresses. The authority said timely payments of tax will enable the Malawi Government achieve its development goals, more especially now when there is limited external donor support

MRA is also calling on those who have taxation challenges to engage the tax collector so that their tax affairs are regularised for the continued growth and development of Malawi.

The authority stressed that sustained improvement in tax collection is a direct result of tax compliant behaviour by taxpayers who continue to voluntarily come forward to pay their taxes on time.

Share.

57 Comments

  1. Politicians are happy cause they know that this money is going into their pockets while the country is the poorest on planet earth shame on u, the small country but no development.

  2. Mkachisi opemphera adafunsa”bwana busa chopereka taperekachi ndi chokwanira ndithu,,,ndiye tiuzeni chiyenda bwanji choperekachi popeza kacchisi wathuyunso ndi watsekera,,,,kapena mukhwasulanso ngati mwa kale muja,,nkhosa zikudandaulani mukachulukitsa msuzi,,,bwana busa adangoti,,,ndiyankha ndikapange budget kaye kunyumba,,,chifdukwa nanensoka njinga kanga katha

  3. Koma nanga ife tingatan kwathu nkulira basi tizilirabe mpaka kaya well yesesan kuti ku chipatala mankhwala akupezekako xool zikuendako polytechnic momwe anasekera m july mpaka lero

  4. Kodi ndalamazimenezi sizingatheke kupanga maintenance boader ya mwanza ? Pakukhala ngati pa kithen ku ma estate . Zosiya atsamunda palibe ma toilets .

  5. Ndizovetsa chisoni kwambiri kuti mukusangalara koma mutati muwune matumba momwe mukuchoka ndalama zimenezi ndi mwa anthu ovutika kwambiri,koma inu ndikumabaso.

  6. Who benefites the most??? Blackouts everyday, dry taps, university shutdowns, late pay on civil servants, no drugs in public hospitals…… the list goes endlessly. Only the elites benefits! !

  7. Too much kumeneko ndikubera antu sopano zikulakwika ndalama mpaka kumpyola mlingo umene unapatsidwa, sikuziwa ncito koma kupweteka nzika zaziko. Koma sizikupita Ku zitukuko kungokathera kugawana akumipando pamapeto pake nothing kuyambanso kusonkesanso, mpaka liti amalawi yo!!

  8. Kodi zikutanthauza kuti ambiri anakhoma mnsonkho atanva kut apresident ali moyo? Ok koma akhala akuzipatsa target yochepa kut zinazo aziba. Nanga 7 kwa 71 zikugwirizana? Taxgate imakhalapo apa

  9. kenako kumat achimata/amalawi sakulimbikira sorry musabe ndalamazi inu nkhumba za mutharika (nduna) .Anthu akulira ndi kukwera kwa chakudya mmalawi muno .zipangizo zaulimi kulibe kuno Thandizani osowa ndi misonkho yawoyi please

  10. How can they (MRA) justify the way they beat their target???
    Oh my Poor citizens toiling all day long for a hand to mouth salary and from the business profit !

  11. Is it a positive reform??or property grabbing reforms??i can see happy faces behind this resolution,,,ready to fatten their tummies,,,while we suffer than before.