Business
IEA issues tax exemption to businesses with annual turnover of under 2 million AFN
Administrative Deputy Prime Minister Abdul Salam Hanafi says based on a decree of the leadership of the Islamic Emirate, all business owners whose turnover is under two million afghanis will be exempt from paying tax.
Speaking at a meeting in Kabul on Thursday, Hanafi said the IEA is committed to creating more and better facilities for the nation and the private sector.
“All shopkeepers and traders with annual sales of up to two million Afghanis are completely exempt from taxes,” said Hanafi.
Acting Minister of Finance Mohammad Nasir Akhund also said the decree is being implemented to reduce and cancel out taxes from the beginning of this year.
Nasir Akhund stated that the implementation of the tax exemption initiative will have positive effects on the general activities of the private sector in the country.
“We are truly grateful to Amirul Momineen (Supreme Leader Hibatullah Akhundzada) who has always stood shoulder to shoulder with the nation and the private sector and supported the private sector,” said Nooruddin Azizi, acting Minister of Industry and Commerce.