The Malawi Revenue Authority (MRA), has announced the extension of its Voluntary Compliance Window from October 31 to November 30.
Announcing the above, the MRA Head of Corporate Affairs, Steve Kapoloma, attributed the extension to providing relief to businesses that are suffering from the economic impact of Covid-19 pandemic. On the other hand, the window allows businesses to settle unpaid tax arrears in installments of up to six months without paying penalties, interest or any other charges.
Meanwhile, MRA has received over 1,300 applications for the window, which translates into a gross collection of K13 billion in taxes.