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Malawi’s tax collection to suffer following the forex scarcity

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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.

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