The Treasury has raised the tax revenue target for the Malawi Revenue Authority (MRA) by K69 billion in the last three months of the 2023-24 financial year, Commissioner General John Bizwick has disclosed.
Bizwick was speaking when he presented Commissioner General Awards to outstanding MRA stations which have sparkled in the first nine months of the fiscal year.
The MRA chief said, initially, the tax collector was expected to collect K218 billion in January this year but that following the revision, the target has jumped to K245 billion.
In February, MRA was initially expected to collect K155 billion which has now increased to K174 billion.
The tax revenue target for March has been increased from K176 billion to K199 billion.
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Bizwick was optimistic that the tax collector would meet the revenue targets.
“I am very, very confident that we should be able to collect that,” Bizwick said.
He noted that the Commissioner General Awards are one way of energising the team to work hard and collect more.
During the award ceremony, MRA presented awards in the areas Relegation Threatened Stations, Rising Stars, Hat Trick award and the overall Golden Boot award.
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MRA’s Large Taxpayers Office, which is mandated to collect about 70 percent of the total tax revenue, emerged the best performing station and carted home the Golden Boot award.
MRA Deputy Commissioner for Large Taxpayers Office Rose Ngwira hailed her team for the strong performance.
Ngwira also praised large taxpayers for paying taxes in time, which has resulted in the station performing above all MRA stations.
According to MRA, the awards are designed to motivate stations to perform even better.
