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Tax penalties soar past target
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1 Articles
Tax penalties soar past target
The Malawi Revenue Authority (MRA) collected K15.5 billion in tax penalties during the first-quarter of the 2026/27 financial year, exceeding its K4.2 billion target by 263 percent and surpassing the total collected in the entire previous fiscal year. Between April and June, MRA raised K15.5 billion in penalties compared to K13.9 billion collected throughout the whole of the 2025/26 financial year against a target of K5.2 billion. Chikadza: The …
·Blantyre, Malawi
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