Old Mutual remits MK50 billion in tax to MRA
Published on May 6, 2026 at 2:57 PM by Robert Ngwira
One of the leading Insurance companies in the country, Old Mutual Malawi Limited has remitted MK50 billion in tax to Malawi Revenue Authority (MRA) in the 2025 financial year.
The developments comes amid protests from business players plying business across the country who are protesting against the newly introduced Electronic Invoicing System introduced by MRA starting from April 1 2026.
This has resulted in some shop owners closing down shops across the country.
Speaking during the symbolic handover ceremony of the MK50 billion at Msonkho House in Blantyre Old Mutual Group Chief Executive Officer Tavona Biza said paying tax on time shows how the company is committed in investing in Malawi’s future.
“Today we officially came here to handover the MK50 billion in tax. This is our commitment to the communities where we operate, Commitment to nation-building as tax Funds essential services like schools, hospitals, roads, and infrastructure,” said Biza.
He then urged other companies and the citizenry to follow suit.
On his part Commissioner General Felix Tambulasi hailed Old Mutual for being a responsible company by remitting the tax on time.
Tambulasi then Malawians and some shop owners to follow suit.
“Closing shops in town will not distract us from enforcing tax compliance in the country,” said Tambulasi while commenting to the strike by some shop owners across the country over the newly introduced Electronic Invoicing System.
