Business
ACCI welcomes decreasing of taxation on raw imported goods
Officials in Ministry of Commerce and Industry have welcomed the approval for decreasing taxes on raw imported goods tariff, saying supporting investments will end up into the significant growth of economy and will increase the domestic productions within the country.
Afghanistan High economy council has recently approved the decreasing of taxation on raw materials in customs tariff.
Deputy of the Chamber of commerce and industry Khanjan alkozai welcomes the following decision saying this will pave the way for better platforms for domestic and International investors to invest in Afghanistan.
Based on the new decision of the Afghanistan high economy council now the importers could only pay 1 percent taxes for their materials, while they were paying 10 percent.
Further he mentioned that those who imports machines for the factories aren’t responsible to pay taxes but the printed papers, and belonging materials for some of the factories and companies should pay 2, 5 percent taxes.
Deputy chamber of commerce Khanjan Alkozai said,”An important step has been taken by the Government on growing of economy, the following decision will improve the economy and encourage the domestic and International investors to invest in Afghanistan.”
Meanwhile scores of the officials in chamber of commerce has declared the economy situation in Afghanistan full of concerns.
The International relations responsible for Ministry of commerce and industry Azarakhsh Afizi said,” the economy situation of Afghanistan is worst, unemployment is in high level, our industry is ramshackle, more than 1000 factories has been shut down.”
One of the main challenges for the National Unity Government leaders is corruption, the following problem has over shadow the activities of the following Government and International community have also insisted that if Afghan Government doesn’t move to combat corruption we will stop our aids and supports.
Reported by Nabila Hafizi
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.
The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.
The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.
“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.
Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.
The chamber officials stressed expanding the culture of using domestic products in government projects.
“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.
Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.
Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.
DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.
“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.
DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.
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