MRA exceeds January revenue target by K16 billion

The Malawi Revenue Authority (MRA) has beaten the revenue target for the month of January 2023 with a K16 billion surplus. Gross revenue collection for the month amounted to K161, 683, 946, 403 against a revised Treasury target of K145, 676, 871, 207. 

“MRA has beaten the January target by K16, 000, 075, 196. The collection represents a nominal growth of 29 percent compared to the collection in the same period last fiscal year when the Authority collected K125, 285, 155, 024,” said John Biziwick, Commissioner General.

The Commissioner General said this during a media briefing on 15^th February, 2023 in Blantyre where the Authority was also celebrating 23 years since it was launched.

Speaking during the briefing, Biziwick indicated that there are a number of factors that contributed to the beating of the target.

“This achievement is an indication that all staff members are working towards a common goal and we believe that in the remaining two months MRA will beat the annual target which is set at K1.534 trillion.

Besides staff dedication, Biziwick said the remarkable performance was a result of gains from policy changes such as PAYE threshold adjustment and roll out of Advance Income Tax. He also attributed the unprecedented performance to enhanced engagements with taxpayers and enforcement activities such as audits and debt collection.

Speaking on the anniversary, the Commissioner General said for the past 23 years MRA has evolved in terms of systems and service delivery.

“We have introduced initiatives such as Msonkho Online and Block Management System, that are responding to taxpayers’ needs for better service delivery. The reforms have also assisted MRA greatly in as far as revenue collection is concerned,” he said.

MRA was launched on 15^th February 2000 as an agency responsible for collecting taxes for national development.

 

By Alice Mongora