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Understanding ePayments Develop Malawi, Pay Taxes Malawi Revenue Authority Msonkho House Independence Drive Private Bag 247 Blantyre Tel: +265 - 1 822 588 Fax: +265 - 1 822 302 E-mail: [email protected] Web: www.mra.mw Produced by Corporate Affairs Division - MRA P A Y M E N T S W h y Q u e u e w h e n y o u c a n j u s t C l i c k ! Why queue when you can just Click! Payment registration number (PRN) features 13 digit numeric number Validity period of the PRN Tax type Taxpayer details Search code or PRN can be used to track the status of the payment ePayments Benefits 1. Convenience: pay anywhere, anytime 2. Elimination of taxpayer queues 3. Instant update of taxpayer’s account 4. Ease of taxpayer account reconciliations 5. Improved taxpayer service 6. Minimised risk of fraud

Payment registration number (PRN) features ePaymentsMRA/EP12165 AMOUNT PAID: MK450,000.00 Thank you for You will get updated account information on every transaction b). Customs &

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Page 1: Payment registration number (PRN) features ePaymentsMRA/EP12165 AMOUNT PAID: MK450,000.00 Thank you for You will get updated account information on every transaction b). Customs &

Understanding

ePayments

Develop Malawi, Pay Taxes

Malawi Revenue AuthorityMsonkho HouseIndependence DrivePrivate Bag 247Blantyre

Tel: +265 - 1 822 588Fax: +265 - 1 822 302E-mail: [email protected]: www.mra.mw

Produced by Corporate Affairs Division - MRA

E - PAYM E N T LO G O

TAX PAYMENTS

Why Queue when you can j

ust C

lick!

PAYMENTS

Why Queue when you can j

ust C

lick!

Why queue when you can just Click!

Payment registration number (PRN) features• 13 digit numeric number• Validity period of the PRN• Tax type • Taxpayer details• Search code or PRN can be used to track the

status of the payment

ePayments Benefits1. Convenience: pay anywhere, anytime2. Elimination of taxpayer queues3. Instant update of taxpayer’s account 4. Ease of taxpayer account reconciliations5. Improved taxpayer service6. Minimised risk of fraud

Page 2: Payment registration number (PRN) features ePaymentsMRA/EP12165 AMOUNT PAID: MK450,000.00 Thank you for You will get updated account information on every transaction b). Customs &

Why queue when you can just Click!

What is it?Electronic Payments, (ePayments), is the process of paying taxes online with immediate update of your tax account through the Authorized Dealer Banks.

The overall objective of ePayments is to ensure real time settlement of tax liabilities at the convenience of both the taxpayer and the Malawi Revenue Authority (MRA).

How To?In order to use the e-payments service for domestic taxes, you will need to Sign-Up on the MRA website as below: 1. Log in to www.mra.mw2. Click on My Tax Online3. Select Sign Up4. You will be directed to a Sign-Up

page5. Fill-in relevant information as

specified and enter the details such as Name, TPIN, Postal address, e-mail e.t.c.) then click Submit.

6. Your application will take 24 hours to be processed.

7. Upon successful registration, you will be able to make payment.

ePayments: Why queue when you can just Click!

How to make Paymentsa). Domestic Taxes PaymentsIn order to pay domestic taxes using the service, you will have to do the following: 1. Go to www.mra.mw/MyTaxOnline and log in 2. Select ‘Make Payment’ 3. Select tax type (VAT, PAYE etc.) and click next 4. Fill in the relevant tax details and amount to be paid,

then click next 5. Select preferred bank and likely mode of payment

(i.e. online banking, cash etc.), then click next 6. Confirm payment application and click finish 7. Payment Registration Number (PRN) generated8. You may then pay online or over the counter through

a bank of your choice using the PRN. 9. Once payment has been effected by the bank, you

will receive an email notification with your payment receipt attached.

EPAYMENTS

TRANSACTION COMPLETED:

Transaction Ref: MRA/EP12165

AMOUNT PAID:MK450,000.00

Thank you for paying Taxes!

You will get updated account information on every transaction

b). Customs & Excise

• To process Customs declaration there is no need to register for MyTax.

• A payment registration number (PRN) will be automatically generated in ASYCUDA World once a declaration assessment has been completed.

• You may then pay online or over the counter through a bank of your choice using the PRN.