After conducting consultative meetings with leaders of various business associations and groups across the country, the Malawi Revenue Authority (MRA) discovered that businesses would need intensive taxpayer education in the 2019/2020 financial year.
The Manager Taxpayer Service, Dorothy Mataya, said MRA had organized the meetings to inquire from taxpayers on the areas that the Authority should focus on during the next financial year. According to Mataya, the initiative, MRA would practically and effectively address specific areas where business people lack a lot of information and knowledge on taxes.
The meetings were organized to gather information on different areas where people would need intensive taxpayer education in the 2019/2020 financial year. In March, former Minister of Finance Goodall Gondwe showed that corporate tax underperformed during the first half of this fiscal year. Figures show that a 20.3% drop was registered, when compared to figures from the same period in 2018. According to the presentations by the minister, Treasury amassed K479 bn, which was lower than K456.7 bn collected last year.