taxes Archives

K600 million stolen at Malawi gaming authority

Oct 14, 2022 Malawi24 Reporter 2 &

Alide and Bakuwa Senior management at state-owned Malawi Gaming and Lotteries Authority (MAGLA) opened a bank account at FDH Bank which they used to steal about K600 million from the authority This has been revealed… ...

Govt plans to spend K1 billion on waiting room for pensioners

Sep 28, 2022 Malawi24 Reporter 1 &

Minister of Finance Sosten Gwengwe Malawi Government has come under fire over its plans to spend K1 billion on construction of a camping facility for retired civil servants who spend days in Lilongwe waiting for… ...

MRA beats revenue collection target by K10 billion

Sep 22, 2022 Lindiwe Sambalikagwa 0 &

The Malawi Revenue Authority (MRA) collected K131 billion in August, surpassing its K121 billion target by K10 billion. MRA marketing and communications manager Wilma Chalulu has confirmed. A poster the authority has produced to celebrate… ...

Ministry of Trade announces cooking oil prices

May 14, 2022 Malawi24 Reporter 6 &

The Ministry of Trade has announced minimum and maximum prices for various brands of cooking oil following the removal of 16.5 percent Value Added Tax (VAT) on the commodity. In a statement released yesterday, Minister… ...

Govt warns cooking oil suppliers over high prices

May 02, 2022 Martha Chikoti 1 &

The Ministry of Trade and Industry has issued a ‘final warning’ to suppliers and retailers of cooking oil to reduce prices of the commodity. This has been said in a statement signed by Minister of… ...

I will discuss Malawians’ PAYE concerns with Finance Minister — Chakwera

May 02, 2022 Malawi24 Reporter 0 &

President Lazarus Chakwera says he will discuss Malawians' concerns over the new Pay As You Earn (PAYE) system with Minister of Finance Sosten Gwengwe in order to resolve the issue. Chakwera made the remarks yesterday… ...

MRA to implement Advanced Income Tax on imports

Apr 27, 2022 Contributor* 0 &

Malawi Revenue Authority (MRA) will from May 1, 2022 start implementing a three percent Advanced Income Tax (AIT) on goods imported for commercial purposes. MRA’s Deputy Commissioner of Customs and Exercise, Chimwemwe Kawalewale announced this… ...