Voluntary Compliance Window extended to Nov 30

The Malawi Revenue Authority has extended the period of receiving applications for the Voluntary Compliance Window (VCW) by one month.

The development means MRA will close receiving VCW applications on 30 November, 2020.

Making the announcement to members of the press on Friday, 30th October 2020, at Msonkho House in Blantyre, MRA’s Head of Corporate Affairs Steven Kapoloma said the extension has been effected after receiving numerous requests from taxpayers.

“The requests came from various sectors ranging from the Chamber of Commerce to entrepreneurs. We are now calling upon all taxpayers to come forward and submit their applications.

“Limited companies that do not have audited financial statements are now allowed to submit VCW applications with self-assessed or unaudited accounts by 30^th November, 2020. However, they will be required to submit audited accounts by 28^th February, 2021,” he said.

The press conference was attended by Commissioner Domestic Taxes Nellie Jimu, Commissioner Customs and Excise Fatch Valeta, Director of ICT Max Mlomba and Director of Policy Planning & Research Dr. Waziona Ligomeka.

Importers who under-declared or misclassified imports have also been reminded that they are eligible to apply for VCW.

“The Authority is again encouraging owners of motor vehicles, motor cycles and other goods that were not duly cleared or smuggled into Malawi to take advantage of facility to clear their items through proper Customs procedures while the window is still open,” Kapoloma said.

During the time of the briefing, over MRA had received over 1,300 application and the gross collection is now at K13 billion.

Eligible applicants can apply by completing a VCW application form accessible on our website www.mra.mw. Completed forms can be uploaded right there on to the website or sent to email address: vcw@mra.mw or personally collect and submit their applications at any MRA office nearer to them.

All applicants are supposed to attach supporting documents to their application like tax returns, income statement, notice of assessment, tax schedules and Form C132 for Customs to enable MRA conduct proper assessment of the tax liability.