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Govt Revenue Up For First 9 Months of Fiscal Year

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The Afghan government revenue for the first nine months of current fiscal year is Afs 11 billion ($US207m) more than the same period last year, the Ministry of Finance's General Revenues Department said Thursday.

According to the officials, the government received more than Afs 82 billion of revenue from customs and collecting taxes -- Afs 36 billion form customs and more than Afs 46 billion in taxes.

"Our revenues have been increasing. We are trying our best to collect taxes from all those who are eligible to pay tax. We have constantly put effort into improving the principles and simplifying the procedures," said Ahmad Shah Zamanzai, head of the ministry's General Revenues Department.

According to the ministry, it expects the revenues to increase more by the end of the current fiscal year (March 22 2012 - March 21 2013).

Collecting taxes and customs are regarded as the main source of revenue for the Afghan government, however in many cases a number of people have objected to the strict and bureaucratic system of collecting the taxes. But analysts said investors will lose interest if there is no standard system for tax and customs.


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