English | دری

Afghan Finance Ministry’s revenue increases by 300mn AFN

in Afghan Business

Afghan Finance Ministry’s revenue increases by 300mn AFN

finance ministryAfghan Finance Ministry official said revenue of the Medium Taxpayer Office (MTO) increased by 300mn AFN compared to the previous year.

Addressing a press conference in Kabul, MTO Director Subhanullah Fahimi said the ministry’s income reached 10.6bn AFN, indicating a 300mn increase from last year’s revenue of 6.8bn.
The figure exceeds the International Monetary Fund’s (IMF) projection of 10.3bn AFN.

Subhanullah attributed the boost in revenue to better tax collection methods, law enforcement and computerization of office tasks.

Meanwhile, he alleged that some companies and contractors like the Supreme Group and ISAF refused to fill income tax returns by claiming they were exempted.

He said some foreign companies had been exempted from taxes under a Memorandum of Understanding (MoU) signed with them, but this arrangement had not been made with all foreign companies.



Related Articles

Eleven NSP projects completed in Khost Province

With a cost of more than 24,332,000 AFN, eleven projects of the National Solidarity Program of the Ministry of Rural

Afghan women working on an app to attract tourists to Afghanistan

A group of young Afghan women  are working on developing a mobile app to help attract tourists to Afghanistan. The

Businessmen sign $2mn contracts in Afghan-Iran economic exhibition

Afghan and Iranian businessmen signed contracts worth USD 2mn during the 2nd Afghanistan-Iran joint economic exhibition held in Mazar-e-Sharif, Afghanistan.

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.