Oct 19, 2017 Last Updated 2:13 PM, Oct 19, 2017
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Tax rates in Malawi are lower than in most of the countries in southern Africa.

This is according to the Malawi Revenue Authority (MRA).

The Head of Corporate Affairs, Steve Kapoloma made these remarks in an interview with the Malawi News Agency, in reaction to widespread concerns from the public that the revenue collecting agency is overtaxing Malawians.

Kapoloma explained that a study conducted by the International Monetary Fund-IMF, comparing Malawi and countries within the region like Mozambique, Zambia, Zimbabwe and Kenya among others, finds that the taxes in Malawi are sometimes lower.

For instance, Malawians pay 30% of their monthly income for Pay as You Earn (PAYE), while people in South Africa pay 41%, Zimbabweans 50 and Mozambicans 32.

According to Kapoloma, only Tanzania equals Malawi at 30 percent.

He warned that MRA would deal with any type of tax evasion in the country to make sure that the body meets its goals.

The Malawi Revenue Authority says it is banking its hope on the public to expose tax evaders.

All cargo being exported and imported into Malawi will from this October be electronically tracked by tax authorities.

President Mutharika is expressing concern over the continued loss of revenue through tax evasion, which he claims is crippling the economy and development of Malawi.

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Capital Radio is a privately owned, commercial, Adult Contemporary (AC) radio station that was launched on 29th March 1999 in Blantyre, Malawi. The Station was the second commercial station to be launched in Malawi and due to its mature, interactive and thought- provoking programming content now boasts majority listenership amongst Malawi’s niche market of upwardly mobile, urban based decision makers, business people and trendy, urban young adults. The Station is wholly Malawian owned.

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