Malawi economic crisis bites: MRA fails to collect K9.2billion in revenue

Mar 10, 2016 Business 41
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Malawi hunger food crisis

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.

Malawi hunger food crisis
Positive strides in revenue collected in February

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.

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41 Comments

  2. 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

  4. 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.

  5. 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.

  7. 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

  8. 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

  9. 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.

  22. 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!

  23. 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

  25. 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?

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  30. malawi basi bwanji tingogulitse president peter kwa dziko lomwe lingafune kuti zikwane coz apa ndie tiembekeze mabvuto oposa alipo kalewa

  32. 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

  35. 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

  36. 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

  39. 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?

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