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

Afghanistan, Pakistan agree on bolstering economic ties

Afghanistan and Pakistan concluded the 10th Joint Economic Commission (JEC)and agreed on bolstering economic ties to expand their access to

India, China to undertake joint economic project in Afghanistan

China and India’s plan to launch a joint economic project was the major takeaway of the two-day informal Wuhan summit

Road Reconstruction to Benefit 22,000 Citizens in Samangan

The ground-breaking ceremony for constructing a 3-kilometers long asphalt road connecting Aybak and Dara-e Zhowandon village as well as an

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Your e-mail address will not be published.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*