Advertisement
Business

Traders equipped on taxation, trade

Advertisement
Steven Kapoloma

Cross-border traders have been equipped with knowledge and skills on tax calculation by the Malawi Revenue Authority (MRA).

At an interface meeting held in Blantyre on Monday, MRA officials advised the traders to understand tax pricing to avoid being overcharged.

MRA Head of Corporate Affairs Steve Kapolomola said the institution aims to educate cross border traders to be trustworthy when paying taxes.

Advertisement

“We also wanted to educate them on paying less taxes because the Malawi Government has an agreement with some countries on low taxes for some commodities.

“Some might import through the right procedures and pay less taxes, while others might travel without the documentation which makes them pay more taxes upon reaching Malawi,” he said.

Cross-border Traders Association National Chairperson, Esther Tchukambiri, said most traders were losing out on businesses due to high taxes.

Advertisement

“When we reach borders and find that we have been charged with high tax, we fail to make profits. Most traders did not know they can use certain papers when coming back to Malawi with their goods,” he said.

Facebook Notice for EU! You need to login to view and post FB Comments!
Advertisement
Tags
Show More
Advertisement

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker