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Wednesday, January 11, 2017

Malawi Revenue Authority beating targets | The Times Group

Malawi Revenue Authority beating targets | The Times Group: "Revenue collection is still continuing a positive trajectory with the Malawi Revenue Authority (MRA) beating its collection target for December 2016 by about K6.1 billion.

Cumulatively, MRA has been able to collect K377.08 billion in the first half of the 2016/17 fiscal year against a target of K339.15 billion. This translates to an excess of K37.93 billion.

MRA has attributed the good performance to strong performances in tax lines including, Pay as You Earn (Paye), Fringe Benefit Tax, Provisional Tax, Import Duty, VAT and Excise Duties."

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