Month: November 2021 Posts

FDH Bank wins Malawians’ hearts: ‘We are moving our accounts to FDH’

Nov 02, 2021 Malawi24 Reporter 1 &

While several commercial banks in Malawi are hiking their already exorbitant fees they charge customers to accommodate the recent introduced Value Added Tax (VAT), FDH has taken a bold step by downgrading its fees on… ...

HRDC threatens to drag Govt to court over new VAT law

Oct 29, 2021 Malawi24 Reporter 0 &

Human Rights Defenders Coalition (HRDC) has demanded the Malawi Government to suspend enforcement of the Value Added Tax (amendments) Act of 2021, saying the new law will affect the actualization of Malawians’ rights to economic… ...

Banks, MRA under fire over new VAT law

Oct 29, 2021 Malawi24 Reporter 0 &

Banks in Malawi and the Malawi Revenue Authority (MRA) have come under fire for failing to explain clearly the services to which the new value-added tax (VAT) will apply. Malawians have argued that both the… ...

Govt introduces VAT on banking services

Oct 28, 2021 Archangel Nzangaya 0 &

Malawians should expect tougher times ahead as the Bankers Association of Malawi (BAM) has announced the introduction of Value Added Tax (VAT) on some banking transactions following the amendment of VAT Act by Malawi Government.… ...

MRA justifies new tax measures

Jul 12, 2021 Malawi24 Reporter 0 &

The tax collector, Malawi Revenue Authority (MRA) has justified the newly introduced tax measures, including the advance Income Tax (AIT) which compels all businesspersons in the country to be paying 3 percent Value for Duty… ...

Govt has unleashed terror on the poor through punitive taxes – CDEDI

Jul 04, 2021 Russell Kondowe 0 &

Rights group, Centre for Democracy and Economic Development Initiatives (CDEDI), says punitive taxes introduced by the Lazarus Chakwera administration will drive more people, especially women, into untold poverty. CDEDI executive director Sylvester Namiwa made the… ...

Tax evasion suspect Faizal Latif arrested

May 23, 2021 Malawi24 Reporter 0 &

Tax evasion suspect Faizal Latif, who was in hiding and was  pleading with Tonse Alliance politicians to shield him, has been arrested today in Blantyre. Latif who is the Director of Mapeto David Whitehead and… ...