The Technical, Entrepreneurial and Vocational Education Training Authority (Teveta) has appealed to businesses in the country to pay their Tevet Levy on time to avoid penalties.
Teveta Director of Quality Assurance, Wilson Makulumiza Nkhoma, was speaking in Blantyre on Tuesday during a meeting his organisation held in conjunction with the Malawi Revenue Authority (MRA) to sensitise the business community on the importance of paying the levy.
Late last year, Teveta handed over the task of collecting tevet levy to MRA as one way of facilitating easy payment.
Makulumiza Nkhoma said Teveta has observed that some businesses still want to pay the levy through his organisation rather than MRA.
“We noted that there was an information gap as some businesses were still calling us to pay their tevet levy. What we want to tell them is that that responsibility is now in the hands of MRA,” said Makulumiza Nkhoma.
He noted that the Tevet Levy, which is one percent of a firm’s wage bill, is due at the end of every government’s financial year, adding that failure to pay attracts a 20 percent penalty.
“It is our hope that businesses will pay the levy to avoid the penalties,” he added.
MRA Deputy Director of Corporate Affairs, Steven Kapoloma, said paying the levy on time would help government improve skills development in the country.
Kapoloma said his organisation has put in place all the necessary measures to ensure that businesses pay the tevet levy without any challenges.
Leave a Reply