Government has reversed its decision to introduce the new system of clearing second hand motor vehicles, observing the figures considered to be new taxes for imported second hand vehicles were wrongly calculated by the Malawi Revenue Authority (MRA).
Minister of Finance Economic Affairs Sosten Gwengwe disclosed this at the end of the interface meeting he held with MRA officials and Car Dealers Association of Malawi in Lilongwe.
Gwengwe has since directed MRA not to proceed with the new system of clearing second hand vehicles.
Gwengwe also described as untrue
claims that government had adjusted upwards the duty on imported second hand vehicles and has since recalled the document as the system will not be implemented.
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