May 21, 2018 Last Updated 8:03 AM, May 21, 2018
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MRA Tax Collection Still Low

MRA Tax Collection Still Low Image sourced at twitter.com
Published in Business News
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The Malawi Revenue Authority (MRA) is still under collecting taxes, despite continued reports of an improved national economic performance.

This is evidenced by their October collection, where MRA has tax revenue amounting to MK73. 8 Billion below their MK87.9 Billion projection.

The October collection also falls below MK76 Billion which was collected in the preceding month of September.

The MRA is however attributing the poor performance to low turnover in Pay as You Earn (PAYE), Corporate and Fringe Benefit Taxes.

The tax organisation further adds that the under collection in PAYE is owing to non-remittance of the revenues by some government institutions.

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