January 13, 2017 by Staff Reporter
The Malawi Revenue Authority (MRA) and heavily armed Police Officers on Friday seized Times Group property and closed Times Group offices at Ginnery Corner in Blantyre for failing to pay tax amounting to MK 2 Billion.
According to a statement issued by the MRA, “The tax liability relates to non-payment Value-Added Tax, Corporate Tax, Fringe Benefit Tax, Withholding Tax, Pay As You Earn for a specified period between January 2011 and March 2016.”
Reacting to the news, Times Group Editor-in-Chief George Kasakula described the move as politically motivated.
“MRA has seized our offices over taxes and yet we have been paying taxes every month. It is impunity and lawlessness on the part of the government. Just imagine, they came with a notice yesterday and, instead of offering us a chance for negotiations as they do in such cases — as you know that sometimes their figures can be wrong and you negotiate — they came 12 hours later to seize our property,” Kasakula said.
Kasakula added that, “Our lawyers are working on this and we pray that we should be back to work. Rest assured that Malawi News will come out tomorrow,”
Recently, Malawi President Professor Peter Mutharika said that Malawi is losing billions of kwacha’s through tax evasion.
“Malawi would have been rich if people and other investors would honour their taxes. My government will make sure that this malpractice is dealt with accordingly,” said professor Mutharika.
Times Group which also operates a television known as Times TV and Times radio has its roots from Malawi first President the late Hastings Kamuzu Banda and his family.