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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.

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