Azizi: Returning business people exempt from taxes for five years

KABUL (TOLOnews): Nooruddin Azizi, head of the Ministry of Industry and Commerce, said that traders returning to the country will be exempt from taxes for five years.
Azizi, head of the Facilitation Committee for Businessmen and Industrialists, said that they will also create incentives for investors in other sectors such as land distribution in industrial parks and banking facilities.
“Traders who return from foreign countries and who invest in Afghanistan for five years in the industrial sector will be exempt from all their taxes for five years,” said Nooruddin Azizi, acting head of the Ministry of Industry and Commerce.
Azizi further emphasized that they are working to transfer the assets of Afghan investors in Pakistan to the country through a special mechanism.
“No one can create problems, confiscate, or impose any other plan on the assets of an Afghan citizen or another citizen,” said Nooruddin Azizi.
A member of the committee said Afghan investors outside the country should return to Afghanistan and invest here.
“Currently, the conditions are provided for Afghan investors who are active in other countries, have businesses or factories, to return to the country and transfer their trade and industry to the country,” said Abdul Rahman Sajad, a member of the committee. The Chamber of Commerce and Investment emphasized that 30 to 35% of Afghan investments are involved in Pakistan’s economy and it is necessary to transfer the capital to the country.
“Afghan immigrants in Pakistan do business in that country,” said Khanjan Alkozi, a member of the Chamber of Commerce and Investment’s Board of Directors,
After the expulsion of immigrants from Pakistan, the interim government of the country has announced that immigrants cannot transfer more than fifty thousand Pakistani rupees.