The Islamic Emirate announced on Monday that it had reduced value added tax from 4% to 2% for the industrial sector and 7% of withholding tax has been remitted in the agriculture, commerce and industrial sectors.
Ahmad Jan Bilal, a representative of the Islamic Emirate Supreme Leader’s office, at a Finance Ministry press event in Kabul said that the sales tax to attend private schools and religious seminaries and universities in 1402 were also remitted.
According to Bilal, the decisions were made based on the decree of the Islamic Emirate’s Supreme Leader in a bid to support commerce and industry in the country.
The event was attended by the second deputy of the Prime Minister, Mullah Abdul Salam Hanafi.
“To support industry and agriculture and commerce, 7 percent of the withholding tax was remitted for them. Also, to support our industrial sector, the value added tax, which was four percent, was reduced by two percent,” he said.
This comes as the Ministry of Economy (MoE) said that the Islamic Emirate supports the investors and that the domestic companies will be given priorities in extraction of mines.
Meanwhile, the Ministry of Industry and Commerce (MoIC), Nooruddin Azizi, urged the Afghan traders abroad to return to the country.
“There is a need for improvement of commerce, industry, agriculture and transit in the country. Afghanistan is a central country,” said Mohammad Younus Momand, acting head of the Afghanistan Chamber of Commerce and Investment (ACCI).
Hanafi also pledged that the Islamic Emirate will bring essential facilities for traders and industrial owners for passports and visas.
