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New tax measures to help reduce price of commodities

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The cost of buying some commodities in the country is expected to be reduced following the new tax measures effected by the Malawi Revenue Authority-MRA in the 2017/2018 financial year.

 MRA's Head of Corporate Affairs: Steven Kapoloma MRA's Head of Corporate Affairs: Steven Kapoloma
21
August


Disclosing this development in Blantyre during a media workshop, Head of Corporate Affairs for the MRA Steven Kapoloma said now that the new tax measures were effective, consumers would see a reduction in prices of commodities such as cooking oil and milk among others.


Kapoloma said the media is very critical in disseminating information regarding the new tax measures and therefore urged the media to assist in sensitizing the public on the same.


“We want the media to take this message to the general public because we believe that once the public is aware of this information, they will be able to police the implementation of these measures and government has put in place these measures for the benefit of the general masses,” explained Kapoloma.


He said the new tax measures target the oil manufacturing sector and traders, the milk producers, minibus owners and all those who have been affected by these because of the responsibility they have to understand and implement the law.


“The principles of taxation look at the economy at large and then begin to see what could be the best taxation matters for the country to implement. The process of coming up with the law starts from the ministry of finance then it is gazetted in parliament then it is brought back to us to implement. So, we can see that these laws reflect on what people expect of their laws,” said Kapalamula.

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