2019/20 Mid-Year Budget Review Statement said that during the second half of the current fiscal year, the government will focus on enhancing domestic revenue collection to achieve set targets for smooth budget implementation as the Malawi Revenue Authority (MRA) has intensified its monitoring and enforcement activities.
According to Finance Minister, Joseph Mwanamvekha, Treasury will also widen the tax base by ensuring that the taxpayer register captures active and potential tax payers, intensification of efforts to address integrity issues in MRA improvement of tax payer morale through the adoption of customer focused-approach and opening of voluntary tax compliance window where taxpayers will be allowed to settle their outstanding tax liabilities without penalties.
At the end of January 2020, it was revealed that despite various economic/business reviews stating that the 2019/20 financial year was slow due to pre/post election tension and other factors, the Malawi Revenue Authority has announced that it has targeted to collect K1.3 trillion.
The above was revealed during the International Customs Day celebrations in Blantyre, by MRA Board Chairperson, Rex Harawa, as MRA Head of Corporate Affairs, Steve Kapoloma emphasized that the target will be reached because strategies have been put in place.