Malawi Revenue Authority Optimistic About Meeting K3.26 Trillion Target
The MRA, mandated by law to collect taxes for the government, saw a 42% revenue increase in the previous fiscal year ending March 31, 2024.
BLANTYRE, Malawi— The Malawi Revenue Authority (MRA) expressed confidence in meeting its K3.26 trillion target over the next nine months, despite falling short of its first-quarter goal, writes Mayamiko Phiri.
MRA Commissioner General John Bizwick addressed the media Thursday in Blantyre, acknowledging the agency collected K656.48 billion from April to June 2024, missing its K748.11 billion target by 91.62 billion.
"Currently we are implementing strategic measures to address those challenges and enhance our efficiency," Bizwick said, citing non-tax compliance as a key reason for the shortfall.
Despite the setback, Bizwick remained optimistic: "Regardless of facing challenges in meeting all targets for the first quarter of the financial year, we remain focused and very committed to optimizing revenue collection."
The MRA, mandated by law to collect taxes for the government, saw a 42% revenue increase in the previous fiscal year ending March 31, 2024.
It surpassed its K2.180 trillion projection by 5.933 billion.
Bizwick urged media support for tax compliance efforts, emphasizing that meeting the target requires collective action.