The Malawi Revenue Authority (MRA) has commended the media’s cooperation in promoting tax compliance, raising awareness, and clearing tax misconceptions in the country.
During the opening of the 2024/2025 MRA Media Training in Lilongwe, Steven Kapoloma, Head of Corporate Affairs at MRA, highlighted MRA’s achievements and goals — crediting the media for playing a crucial role in highlighting MRA’s achievements.
Kapoloma disclosed that MRA closed the 2023/24 fiscal year with a record K2.19 trillion in revenue, a 42 percent increase from K1.54 trillion in 2022/23.
Kapoloma emphasised the importance of taxes in funding public services and infrastructure and urged voluntary tax compliance from all responsible parties. He then encouraged the media to continue being vigilant in disseminating accurate tax information and clearing tax misconceptions through their reporting.
MRA’s first quarterly report for 2024/25 shows K656.48 billion collected, a 41 percent growth compared to the previous year, but still K91.62 billion below target.
July 2024 collections surpassed expectations at K329 billion, a 62 percent increase from July 2023. MRA aims to collect K3.26 trillion by March 2025. The MRA is training the media on issues of tax compliance and tax stamps, among other topics.
