LILONGWE-(MaraviPost)- The Malawi Government through Ministry of Finance, this week removed custom and exercise duty on imports of building materials for recreation centres. The tax mainly targeted hotels, rest houses, and lodges with over 50-room capacity. It is expected that the move will likely boost the tourism sector.
The Ministry of Finance, Economic and Planning Development spokesperson Kutengule, said the tax removal on recreation centres’ construction, is to improve the sector. He said the move is in line with the Ministry’s efforts to make the tourism sector one of the sector’s major forex earners.
Head of Corporate Affairs of Malawi Revenue Authority’s (MRA), Steven Kapoloma challenged the captains in the Malawi tourism sector to capitalize on this opportunity by expanding their infrastructures.
The removal of tax incomes after two months Malawi Parliament passed the 2017/18 national budget that is worth MK1.3 trillion; lawmakers on their part advising Government for fiscal discipline in the implementation of the facilities in the budget document.
Malawians are however, still grappling with Government’s decision to have tax on basic daily life essentials such as water, bread, soap, sugar, among others.