MoCI Warns Defaulter Companies of License Revocation  

(Last Updated On: February 05, 2018 6:06 pm)

The Ministry of Commerce and Industries (MoCI) on Monday warned the defaulter companies of license revocation, saying the firms were being obliged to pay their debts within nine months.

 Officials at the ministry said that they have penalized about 130,000 business licenses of companies which were failed to pay their debts.

 “If the firms did not pay the debts within nine next months, their license will be canceled,” Tariq Sarfaraz, Director of Registration and Licensing Directorate at MOCE warned.

This comes as the Ministry of Finance has exempted up to 95 percent tax crimes of private companies – being convicted of tax avoidance.

“We welcome the move taken by the Finance Ministry, because the tax crime rates have reached to billions of Afghanis; we hope the crimes being reduced in the future so our traders could manage to pay them,” said Khan Jan Alokozai, Vice President of Afghanistan Chamber of Commerce and Industries (ACCI).”

Officials, meanwhile said that will make further efforts to support and attract investments and bring facilities to investors in the country.

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