Friday, August 12News That Matters

Malawi’s tax collection to suffer following the forex scarcity

Share the story

There are fears that Malawi’s tax collection efforts will suffer a hit following the forex scarcity that is currently prevailing.

Many private sector players, especially in the manufacturing sector, are failing to reach expected production capacity as they are failing to import necessary raw materials.

Consequently, the country is likely to endure a worrying drop in production, thus affecting expected gains from which taxes are charged.

While hoping for a solution to the forex challenges, Malawi Revenue Authority – MRA Commissioner General John Bizwick worries that if it persists, the trend may likely have a negative bearing on tax collection.

He indicates that as it stands, 30% of the taxes they collect, come from trade.

Related News
EXCLUSIVE: What exact interest does NCA have on Sattars?

NCA should clean rampart corruption in UK first before focusing in Africa Reports show that British National Crime Agency (NCA) Read more


Malawi Revenue Authority is warning all minibus drivers, owners, and all transporters to desist from transporting cargo without knowing and Read more

Dust Failing To Settle At MERA

Members of staff of the Malawi Energy Regulatory Authority (MERA) have threatened to commence an industrial action and bar one Read more

MRA To Meet the K1.5 trillion target in the 2022/23 financial year

In the picture: Biziwick (L) Malawi Revenue Authority-MRA Commissioner General John Bizwick is hopeful that the tax institution will meet Read more


The Malawi Revenue Authority has disclosed that it has dismissed 82 workers since 2013 due to corruption. MRA Commissioner, John Read more

Umodzi Holdings Post Profit

Umodzi Holdings Limited, which owns BICC, Malawi Square, Presidents Hotel and Presidential Villas, has said it has posted it's first Read more

Minibus Fares Gone Up

Minibus fares have gone up in the central region and some parts of the southern region due to the fuel Read more

Crown Fashions To Close Shop Friday June 17

Malawi's economic crisis has forced Crown Fashions Limited, which was established in 1975, to close its manufacturing operations. A letter Read more

Ethiopian Airways Resumes Ticketing Services In Malawi

Ethiopian Airlines has resumed ticketing services for all travel agents in Malawi with effect from today, barely three weeks after Read more

MyBucks Banking Corporation Expand Bancassurance

One of the players in the financial market MyBucks Banking Corporation has announced that is has expanded its bancassurance offering Read more

Share the story

Leave a Reply

Your email address will not be published.