Malawi Revenue Authority (MRA) is set to role out an automated withholding value added tax (VAT) system to ensure efficient and effective operations of the scheme.
In a statement issued in the media says the system will interface with appointed withholding VAT agents and all suppliers of goods and services.
MRA says the introduction of the automated system is in line with the VAT-Withholding Agents Regulations of 2018.
The appointed Withholding VAT agents levied on supply of goods from individuals and business entities include government Ministries, Departments and Agencies (MDAs).
MRA Head of Corporate Affairs Steven Kapoloma
“The interface will allow the agents and suppliers to log into the system using a portal on our website: www.mra.mw [which] will enable the supplier to view summaries of the VAT withheld and payments of the VAT withheld.