ADVERTISEMENT
Malawi Metro News
ADVERTISEMENT
  • Home
  • News
    • All
    • Business
    • Crime
    • Culture
    • Politics
    • Religion
    • Tourism
    • World

    MERA iyimitsa Kaye mikumano yake ndi a Malawi

    MultiChoice Malawi to challenge MACRA over tariffs

    Police officer arrested for allegedly shooting a minibus driver

    Angry residents broke in a warehouse over relief items

    Ophunzila apha munthu pomuganizila kuti ndiwakuba

    14 years in Jail for round robbing a filling station

    Trending Tags

    • Market Stories
    • Election Results
  • Entertainment
    • All
    • Movie
    • Music
    • Sports

    FIFA funds Nsanje Stadium project.

    Malawi beach soccer team humbled by Mozambique.

    Hail!!Malawi’s Earling Haaland- “Muyaba”

    Nankhumwa tokens fundraising match with 1 million kwacha

    Zambian football star Mwepu retires from cardiac arrest scare

    Rumphi Utd itsanzika Mu TNM super league

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel

    Nsanje Lalanje MP commends ESCOM for restoration of Transformer at Phokera Health Centre

    Teenage pregnancy rate worrisome -Activist

    Mask Off !!- Govt

    Malawi still registering Covid cases.

    Rumphi district wins fight against TB

    Kamoto Donating Blood

    Airtel partners MBTS in blood donation drive

    Trending Tags

    • Fashion Week
  • Columns

    Ntchisi Youth Office in “go back to school” campaign

    Rainford Kainga writes

    Stanley Onjezani Keneni writes:

    Trending Tags

    • Education

      Nsanje DC promises to be part of the school inspection team

      We Are One Malawi donates food items to children with disability

      Mbale Primary school faces tough challenges

      Chanco faces indefinite closure.

      UNIMA Student’s to go on pollls.

      Blantyre youths conduct Mussa parade

      Govt and Stakeholders urged to promote poetry in schools

      Education levels hit a snag in Chiladzulu

      MUST itsegulilidwa, atatseka kamba kazipolowe

      Trending Tags

      • Malawi Metro Music
      • The Bulletin
      No Result
      View All Result
      • Home
      • News
        • All
        • Business
        • Crime
        • Culture
        • Politics
        • Religion
        • Tourism
        • World

        MERA iyimitsa Kaye mikumano yake ndi a Malawi

        MultiChoice Malawi to challenge MACRA over tariffs

        Police officer arrested for allegedly shooting a minibus driver

        Angry residents broke in a warehouse over relief items

        Ophunzila apha munthu pomuganizila kuti ndiwakuba

        14 years in Jail for round robbing a filling station

        Trending Tags

        • Market Stories
        • Election Results
      • Entertainment
        • All
        • Movie
        • Music
        • Sports

        FIFA funds Nsanje Stadium project.

        Malawi beach soccer team humbled by Mozambique.

        Hail!!Malawi’s Earling Haaland- “Muyaba”

        Nankhumwa tokens fundraising match with 1 million kwacha

        Zambian football star Mwepu retires from cardiac arrest scare

        Rumphi Utd itsanzika Mu TNM super league

      • Lifestyle
        • All
        • Fashion
        • Food
        • Health
        • Travel

        Nsanje Lalanje MP commends ESCOM for restoration of Transformer at Phokera Health Centre

        Teenage pregnancy rate worrisome -Activist

        Mask Off !!- Govt

        Malawi still registering Covid cases.

        Rumphi district wins fight against TB

        Kamoto Donating Blood

        Airtel partners MBTS in blood donation drive

        Trending Tags

        • Fashion Week
      • Columns

        Ntchisi Youth Office in “go back to school” campaign

        Rainford Kainga writes

        Stanley Onjezani Keneni writes:

        Trending Tags

        • Education

          Nsanje DC promises to be part of the school inspection team

          We Are One Malawi donates food items to children with disability

          Mbale Primary school faces tough challenges

          Chanco faces indefinite closure.

          UNIMA Student’s to go on pollls.

          Blantyre youths conduct Mussa parade

          Govt and Stakeholders urged to promote poetry in schools

          Education levels hit a snag in Chiladzulu

          MUST itsegulilidwa, atatseka kamba kazipolowe

          Trending Tags

          • Malawi Metro Music
          • The Bulletin
          No Result
          View All Result
          Malawi Metro News
          No Result
          View All Result
          ADVERTISEMENT
          Home News Politics

          MRA CLARIFIES THE CONTROVERSIAL VAT ON PENSION ISSUE

          Chaweya Mzembe by Chaweya Mzembe
          22 August 2020
          in National, News, Politics
          0
          1
          SHARES
          6
          VIEWS
          Share on FacebookShare on TwitterShare on Whatsapp

          The Malawi Revenue Authority (MRA) has issued a statement clarifying that it has not introduced any Value Added Tax (VAT) on any industry.

          According to MRA, tax laws are formulated through policy at the Ministry of Finance and passed in the National Assembly in the country.

          The statement says the Authority is only implementing section 16 of the VAT Act which deals with VAT on supply of service. Pension
          administrators charge an administration fee for managing pension schemes.

          The fee attracts VAT like any other fee charged on taxable services. The public should note that according to the VAT Act, pensions contributions do not attract VAT.

          However, as per the same Act, fees for the administering the pensions contributions do attract VAT. The VAT charged on fees is paid by the
          employer who is the recipient of the pension administration service.

          The Authority is encouraging members of the general public to always seek clarification from MRA on tax matters through the Head of Corporate
          Affairs.

          The clarification came in the wake of a press statement earlier circulated by NICO Insurance Company specifying the the employer contribution will be charged with a 16% VAT as per recommendation from the revenue collecting bodies.

          ADVERTISEMENT

          This comes as a sigh of relief to many people that expressed dismay at the development and voice their concerns seeking clarity from government in the development.

          However it is still to be observed is NICO will swallow their pride and revert to what government is saying on an earlier announced VAT pension charge.

          Efforts to seek reaction of the NICO authorities did not materialize as the two parties haven’t discussed the new development and are expected to meet in a closed door round table discussion.

          Tags: HrdcPensions
          Chaweya Mzembe

          Chaweya Mzembe

          Stay Connected test

          • Trending
          • Comments
          • Latest

          MIA’S SECOND WIFE REJECTS K40M AS HER PART OF ESTATE BENEFIT

          9 May 2021

          Giddes Chalamanda given K2 million worth grocery store

          14 September 2020

          Presidential advisor Lucius Banda hospitalised

          5 January 2021

          Meet Catherine Phiri, Africa’s Rising Novelist

          15 June 2020

          CSOs lobby for Covid -19 internet reduction services

          1

          APM, JB must get matured – Analyst

          0

          25 year old man arrested for possessing cell phones without supporting documents

          0

          Polling Date not set – AG

          0

          MERA iyimitsa Kaye mikumano yake ndi a Malawi

          9 January 2023

          MultiChoice Malawi to challenge MACRA over tariffs

          9 January 2023

          Police officer arrested for allegedly shooting a minibus driver

          28 November 2022

          Angry residents broke in a warehouse over relief items

          25 November 2022

          Recent News

          MERA iyimitsa Kaye mikumano yake ndi a Malawi

          9 January 2023
          6

          MultiChoice Malawi to challenge MACRA over tariffs

          9 January 2023
          15

          Police officer arrested for allegedly shooting a minibus driver

          28 November 2022
          26

          Angry residents broke in a warehouse over relief items

          25 November 2022
          22

          Malawi Metro News

          Malawi Metro News

          Malawi Metro News

          We bring you the best news happening in Malawi and around the world.

          Malawi Metro News

          Follow Us

          Browse by Category

          • Agriculture
          • Business
          • Columns
          • Crime
          • Culture
          • Education
          • Entertainment
          • Environment
          • Fashion
          • Food
          • Health
          • International
          • Lifestyle
          • Malawi 2020 Elections
          • Malawi Art
          • Movie
          • Music
          • National
          • News
          • Opinion
          • Politics
          • Religion
          • Sports
          • Tourism
          • Travel
          • World

          Recent News

          MERA iyimitsa Kaye mikumano yake ndi a Malawi

          9 January 2023

          MultiChoice Malawi to challenge MACRA over tariffs

          9 January 2023
          • Advertise with us
          • Contact Us

          © 2020 Malawi Metro News - Website by Compufix Ltd.

          No Result
          View All Result
          • Home
          • National
          • Politics
          • Sports
          • Health
          • Travel
          • World
          • Columns
          • Education

          © 2020 Malawi Metro News - Website by Compufix Ltd.