Sunday, June 16, 2024

Tax Exemption Extended for Another 4 Months by Ministry of Finance

Immigration News

Saqalain Eqbal
Saqalain Eqbal
Saqalain Eqbal is an Online Editor for Khaama Press. He is a Law graduate from The American University of Afghanistan (AUAF).

The Taliban Ministry of Finance has published a statement stating that the tax exemption period has been extended for another four months due to small enterprises’ inability to pay taxes.

The tax exemption has been extended for four months, according to a statement released on Monday, May 9. It was approved by the Prime Minister and proposed by the Ministry of Finance’s Directorate of Revenue.

Small business owners, according to the statement, have been unable to pay their taxes and avoid tax penalties due to a variety of issues.

The Ministry of Finance has given all entrepreneurs till the end of the fourth month of the 1401 solar year to clear their tax penalties and balances.

Small business tax offenses have been wholly exempted since 1390 solar year, according to the Ministry of Finance, however these businesses must pay 50% of their tax balances from 1391 to 1395. Small business taxpayers have been required to pay their taxes by March 20 this year (29 Hoot 1401), according to the Taliban-led government Ministry of Finance.

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