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Tax revenue climbs to 80b afghanis last Afghan year

Tax revenue climbs to 80b afghanis last Afghan year

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On
Mar 26, 2011 - 17:15

KABULinfo-icon(PANinfo-icon): Afghanistaninfo-icon tax revenue climbed to 80 billion afghanis ($1.76 billion) last Afghan year, which ended March 21, from the previous year's 64 billion afghanis ($1,40 billion), a finance ministry official said on Saturday.

"The figures show five billion more than the annual target of 75 billion afghanis set by the International Monetary Fund (IMF)," Aziz Shams, the spokesman for the ministry, said.

Of the total revenue, 78 billion had reached Kabul, with the rest being transferred till April 11, he said, hailing the increase in income a big achievement in winning trust of the worldinfo-icon community.

About 50 percent of the revenue was collected in customs and the rest through other relevant sources, Shams said, but he did not explain.

He linked the increase to transparency in tax collection, convincing traders to pay taxes, privileges for government officials and their capacity building trainings. 

The IMF target for the current Afghan year is 93 billion afghanis, Shams said, adding they would try to meet the target. "We are optimistic the current year's revenue will stand at more than 93 billion afghanis," he said, vowing facilities at customs offices in western Herat, Nangarhar, and Kabul and at Sher Khan dry port in northern Balkh province.

Finance ministry officials say Afghanistan tax revenue in 1381 Afghan year was 200 million afghanis and since then the revenue has been on the increase with each passing year.

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