Malawi: Government to Collect Tax From Mobile Money Service

Speaking during the passing of payment system bill Member of Parliament from Dowa East Richard Banda, said the system is good and that the government should implement it to the companies who are using the mobile money services to pay tax to the government.

"The mobile money services providers deduct huge amount of money from clients using the services either by sending or receiving cash, so government through Malawi Revenue Authority (MRA) must also benefit from it by collecting the tax from them," said Banda.

Member of Parliament for Nkhata Bay Central Raphael Mhone supported the bill saying this is good for the economy of the country.

"This bill will enable the Reserve Bank of Malawi to deal with issues of payment, like the Cheque takes week long to be cleared despite the banks claims that they work 24hrs online," He said.

On his remarks, Minister of Finance Goodall Gondwe said government will make sure that the payment service are payable to the government.

"Government will offer special facility and improved mobile network to enable the less privilege and community to take advantage of improved technology," said Gondwe.

The payment system bill passed the committee stage with amendment.

SOURCE:MALAWI NEWS AGENCY