Electronic Payments, or ePayments, is the process of paying taxes online with immediate update of your tax account through Authorized Dealer Banks (ADBs). The overall objective of ePayments is to ensure real time settlement of tax liabilities at the convenience of both the taxpayer and the Malawi Revenue Authority (MRA).
In order to use the ePayments service for domestic taxes, you will need to sign-up on the MRA website. First of all, you have to log in to the MRA website, www.mra.mw, and then click on the “My Tax Online” button which is on the far left of the navigation bar. The “My Tax Online” button has a dropdown menu which consists of “Login” and “Sign up” buttons.
In order to register, select the “Sign Up” button and you will be directed to a registration page. You will then be required to fill in relevant information for instance, your Taxpayer Identification Number (TPIN), your name, business name, postal address, e-mail address, username and other details. Your application will take less than 24 hours to be processed and upon successful registration, you will be able to make online payments.
It is even easier to make payments as long as you have already signed up for the service. All you have to do is go back to the “My Tax Online” button on the navigation bar, log in and sign in to your account. You will be required to enter your TPIN, username and password and then login.
Once you are logged into your account, go to “My Tax Online” and select “Make Payment”. There is a dropdown menu of all Domestic Taxes, for instance Pay as You Earn (PAYE), Value Added Tax (VAT), Withholding Tax etc. You may then select the tax type you want to make payment for.
Enter the amount to be paid and select the preferred bank and likely mode of payment, whether electronic or manual. You will then have to confirm payment application and a Payment Registration Number (PRN) will be generated. Once payment has been effected by the bank, you will receive an email notification with your payment receipt attached.
Epayments is convenient as you can pay your taxes online at anytime and anywhere. With ePayments you do not have to queue in a bank to pay your taxes, it guarantees instant update and reconciliation of your account, minimizes risk of fraud and ultimately improves taxpayer service.
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