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Taxation In Afghanistan
article refers to the practice of taxation in Afghanistan. Corporate taxes All companies, no matter what kind of legal form the company is, are required to pay a corporate tax at the rate of 20 percent. It can be found in the 4th article of the Afghan Income Tax law. Value-added tax (VAT) In 2014, the parliament of Afghanistan worked closely to the International Monetary Fund to raise the domestic revenues and therefore added a value-added tax (VAT) of 10 percent. Although, the existing law does not include all goods and services (hotels are affected for example), the government is planning to broaden this tax. VAT affects both domestic business people and their trade partners. The domestic tax payer is obliged to pay the VAT on the taxable supply and the importer is obliged to pay the VAT on the taxable imports.VAT will replace the business receipts tax for all imports once implemented. Business receipt tax (BRT) Afghanistan has many different tax rates of business rec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Afghanistan
Afghanistan, officially the Islamic Emirate of Afghanistan,; prs, امارت اسلامی افغانستان is a landlocked country located at the crossroads of Central Asia and South Asia. Referred to as the Heart of Asia, it is bordered by Pakistan to the east and south, Iran to the west, Turkmenistan to the northwest, Uzbekistan to the north, Tajikistan to the northeast, and China to the northeast and east. Occupying of land, the country is predominantly mountainous with plains in the north and the southwest, which are separated by the Hindu Kush mountain range. , its population is 40.2 million (officially estimated to be 32.9 million), composed mostly of ethnic Pashtuns, Tajiks, Hazaras, and Uzbeks. Kabul is the country's largest city and serves as its capital. Human habitation in Afghanistan dates back to the Middle Paleolithic era, and the country's strategic location along the historic Silk Road has led it to being described, picturesquely, as the ‘rounda ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Afghan Afghani
The afghani ( sign: or Af (plural: Afs) code: AFN; Pashto: ; Persian : ) is the currency of Afghanistan, which traditionally is issued by the nation's central bank called Da Afghanistan Bank. It is nominally subdivided into 100 '' puls'' (پول), although there are no pul coins currently in circulation. In September 2021, one U.S. dollar was exchanged for approximately 88 afghanis. The afghani is also informally referred to as '' rūpa''. History 1925–2002 The original afghani (ISO 4217 code: AFA) was introduced in 1925, replacing the Afghan rupee that was used from 1891 and other currencies. In addition to being subdivided into 100 puls, 20 afghanis were equal to one ''amani''. The rate of conversion from the rupee is sometimes quoted as 1 afghani = 1 rupee 6 paisas, based on the silver contents of the last rupee coins and the first afghani coins. The afghani initially contained 9 grams of silver. Except during World War I, Afghanistan's foreign exchange rate has bee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Evasion
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, using bribes against authorities in countries with high corruption rates and hiding money in secret locations. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rechargeable Calling Card
{{short description, Type of telephone card A rechargeable calling card or a recharge card is a type of telephone card that the user can "recharge" or "top up" by adding money when the balance gets below a nominated amount. In reality the rechargeable calling card is a specialised form of a prepaid or debit account. To use the phonecard, the user would call an access number (which is usually a toll-free telephone number), enter the "card number" (also called the PIN) and then dial the desired telephone number. The user could add value to the card at the same time as making a call. When travelling, the user has a list of access numbers for various countries, enabling them to call from any phone in most countries and be able to top-up the card. The so-called rechargeable calling card is merely a marketing device, but it is convenient to many users because it is a durable credit card size card. In reality, the system works by a user being provided with a unique "card ID" (the PIN). Af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cabinet Of Afghanistan
The Cabinet of Afghanistan is the administrative body of the government of Afghanistan, responsible for day-to-day governance and the implementation of policy set by the Leadership. It is headed by the prime minister—who serves as the nation's head of government—and his deputies, and consists of the heads and deputy heads of the government ministries. Islamic Emirate (2021–present) Following the fall of Kabul to Taliban Forces on 15 August 2021, tentative nominations to the cabinet were announced in late August 2021. The Taliban said in early September 2021 that women would not be allowed to "work in high-ranking posts" in the government and "ruled out" women in the cabinet. On 24 August 2021, Fawzia Koofi, a former member of the Afghan National Assembly, had said that a men-only government would "not be complete". Early September street protests by women in Herat and Kabul called for women to be included in the new government. A men-only "caretaker cabinet" was appoint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mesherano Jirga
The House of Elders or Mesherano Jirga ( ps, د افغانستان مشرانو جرګه), was the upper house of the bicameral National Assembly of Afghanistan, alongside the lower House of the People (Wolesi Jirga). It was effectively dissolved when the Taliban seized power on 15 August 2021. The Taliban did not include the House of Elders and several other agencies of the former government in its first national budget in May 2022. Government spokesman Innamullah Samangani said that due to the financial crisis, only active agencies were included in the budget, and the excluded ones had been dissolved, but noted they could be brought back "if needed". The House of Elders primarily had an advisory role rather than a maker of law. However, it does have some veto power. The House of Elders has 102 members. One-third (34) were elected by district councils (one per province) for three-year terms, one-third (34) by provincial councils (one per province) for four-year terms, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Afghanistan
The economy of Afghanistan is listed as 103rd in the world in terms of gross domestic product (GDP) based on purchasing power parity (PPP). With a population of nearly 40 million people, Afghanistan's GDP (PPP) stands at around $77 billion with an exchange rate of $20 billion (2020), and the GDP (PPP) per capita is about $2,000. Its total external debt is 1.4 billion as of 2022. The Afghan economy continues to improve due to the influx of expats, improvement of national infrastructure, establishment of more trade routes with neighboring and regional countries, and expansion of the nation's agriculture and mining sectors. The billions of dollars in assistance that came from expats and the international community saw this increase when there was more political reliability after NATO became involved in Afghanistan. It currently imports around $5 billion worth of goods and exports over $1.8 billion worth of legal products, mainly fresh and dried fruits. It is predicted that the nati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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