Business
Members at CCI complain on contrary articles of Taxation law
Officials in chamber of commerce and industry have complained over some of the contrary articles of the taxation law which are not on the favor of the Investors and markets.
They have stated that the following law has been implemented without consultation of the investors which it damages the markets and the investors.
Further they have warned if no changes to be made within the law the investors will stop its business.
Deputy head of the chamber of commerce and industry Khanjan Alkozai said,” We are against the penalty coming from the taxation law, the following law should be abolished.”
Members of the following institution urged that Government should create facilities and flexibility within the law, to encourage the investors.
Member of the chamber of commerce Atiqullah Nusrat said,” President Mohammad Ashraf Ghani had been speaking on creating of facilities for the investors, but now its reverse.”
Meanwhile Ministry of Finance Spokesman Ajmal Hameed Abdul Rahimzai said,” We do the work based on the law and it has been divided into three sections.”
Afghanistan taxation law was approved last year despite of high rates of penalty on taxing, the high rate of taxes over the exporting of the goods have impacted the markets and investors.
Reported by Nabila Hafizi
The press office of the Herat governor has announced the export of Afghanistan’s first shipment via the Khaf-Herat railway to Europe.
According to a statement from the office, the shipment includes 200 tons of dried fruits worth $1.2 million, which were exported to Turkey and Europe through the Khaf-Herat railway in the presence of Islam Jar, the governor of this province, and the Iranian Consul General.
The exported dried fruits in this shipment include pistachios, raisins, almonds, and pine nuts.
The statement added that over the past three months, more than 35,000 tons of goods have been transferred via the Khaf-Herat railway.
Business
Russia’s LPG exports to Afghanistan boom as Europe shuns it
The exports to Afghanistan, the main consumer of Russia’s LPG in the region, rose by 52% for the period to 71,000 tons.
Russia’s exports of liquefied petroleum gas (LPG) to Afghanistan and ex-Soviet states in Central Asia have jumped following introduction of European Union sanctions against Moscow at the end of 2024, industry sources said on Wednesday, Reuters reported.
The European Union’s sanctions against Russia’s LPG over the war in Ukraine took effect on December 20. The restrictions were proposed last year by Poland, one of Russia’s largest LPG importers.
LPG, or propane and butane, is mainly used as fuel for cars, heating and to produce other petrochemicals.
According to the industry sources, railway supplies of LPG from Russia’s plants, including the Kazrosgas joint venture with Kazakhstan, jumped to the region by 80% year on year in January – February to 140,000 metric tons, read the report.
The exports to Afghanistan, the main consumer of Russia’s LPG in the region, rose by 52% for the period to 71,000 tons.
Traders expect great scope for more supplies to Afghanistan, where annual demand for LPG is seen at around 700,000 tons per year.
Acting Minister of Industry and Commerce Nooruddin Azizi and Zhao Xing, the Chinese Ambassador to Kabul, met on Tuesday and discussed increasing Afghanistan’s exports to China, particularly pine nuts, pomegranates, and precious and semi-precious stones such as nephrite, onyx, lapis lazuli, and talc, the ministry said in a statement.
According to the statement the goal of the meeting was to facilitate direct exports to China in order to reduce transit costs and transportation of Afghan goods, as well as to address the importation of machinery needed for the country.
Azizi and Zhao have agreed to establish a joint working group for further coordination, expanding trade relations, and creating facilities for trade, with the aim of holding regular meetings, the statement read.
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