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Malawi Revenue Authority upbeat on revenue target

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The Malawi Revenue Authority (MRA) has outlined three strategies towards meeting its K1.033 trillion revenue target for the 2021-22 financial year.

This was affirmed during a day-long media training in Blantyre on Tuesday.

Speaking on the sidelines, MRA Head of Corporate Affairs Steven Kapoloma said the revenue collection body was using block management system, tax stamps and Msonkho Online as ways of improving efficiency in revenue collection.

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“All these will allow MRA to have a bird’s eye view on taxpayers hence, widen the tax base and meet the target,” Kapoloma said.

MRA beat the 2020-21 budget revenue target by K28.7 billion buoyed by a strong revenue performance in the fourth quarter of the year,

It collected K1.108 trillion against the K1.079 trillion target set by Finance Minister Felix Mlusu in last year’s budget.

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The tax performance was despite the significant threat paused by Covid which affected a number of tax lines.

Kapoloma then hailed the role of the media in creating awareness on tax-related matters.

Blantyre Press Club President Blessings Kanache commended MRA for hosting the training.

“It has been an eye-opener for us and it will help us write simplified and knowledgeable stories about the new tax measures which have been implemented to spur development,” he said.

The authority has had similar trainings for editors and other media associations such as Nyika Media Club and Bwaila Press Club.

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