Business

IEA waives tax penalties for traders and investors

Published

1 year ago

December 25, 2022

(Last Updated On: December 25, 2022)

The senior officials of the Islamic Emirate of Afghanistan held a ceremony on Sunday related to the waiver of tax penalties for businessmen and investors titled “waiver of tax penalties, supporting industry and trade” at the presidential palace.

Mullah Abdul Ghani Baradar Akhund, the Deputy Prime Minister for Economic Affairs, said in this ceremony that this measure was taken to support the businessmen and investors of the country.

Baradar has emphasized that currently all government expenses and budgets are financed from domestic revenues and it is necessary for the Ministry of Finance to provide full transparency in the field of tax collection.

He has also said that this transparency should be established in such a way that neither the Islamic Emirate’s revenues are lost nor undue taxes are imposed on investors and industrialists.

“It is the responsibility of the Ministry of Finance to create transparency in tax collection; transparency in such a way that the revenues of the Islamic Emirate are not lost, nor are unnecessary taxes imposed on investors and industrialists,” said Ghani Baradar.

The Second Deputy Prime Minister Abdul Salam Hanafi, however, has called on the businessmen and investors of the country to pay their taxes on time, otherwise, they will face legal action.

“The tax that is imposed by the Ministry of Finance should be paid in a transparent manner on time,” said Hanafi.

Simultaneously, Foreign Minister Amir Khan Muttaqi has also said that they have tried to provide facilities for traders outside and at the borders and customs to the best of their ability.

In addition, the officials of the ministries of finance and trade of industries say that the waiver of tax penalties for businessmen and investors is a good measure to support the private sector of the country and that they are trying to facilitate more facilities for investors in the country.

“The officials have tried to create facilities for progress in trade and industry and strongly support the private sector,” said Hedayatullah Badri, finance minister.

The officials of the Islamic Emirate meanwhile have asked the businessmen and investors to make effective use of the facilities and expand their investments in different sectors so that the economic problems in the country will be reduced and the working environment for the people will be favorable.

Related Topics:#Investors #Penalties ArianaNews featured IEA Taxes Traders

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Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

1 day ago

May 16, 2024

Ariana News

(Last Updated On: May 16, 2024)

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

Business

Afghanistan’s imports and exports totaled $10.3 billion last year

Published

2 days ago

May 15, 2024

Ariana News

(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

Business

Acting commerce minister heads to Russia to attend Kazan Forum

Published

3 days ago

May 14, 2024

Ariana News

(Last Updated On: May 14, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.

The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.

The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.

The forum is held between May 14 and 19.

The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.

More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.