Tax slashed on affordable mobile phones | SOMADPR

Tax on import of affordable smartphone has been substantially reduced as per the Digital Pakistan mesuares. Sales and income tax rate has reduced by Rs. 1150 on import of smartphones.

According to the correspondance of FBR that we are well aware about the conditions of the business and we want to make it more favourable for the people of Pakistan. So people can do their business with piece of mind.

Later, The Government of Pakistan, through a presidential ordinance, has reduced the rate of withholding income and Sales tax on the import of mobile phones. The Federal Board of Revenue (FBR) also issued a list of features to explain the amendments to Income Tax Ordinance, 2001 through Tax Laws (Second Amendment) Ordinance, 2001. The amendments will apply to income tax, sales tax and customs duty.

Before the ammendment in tax laws, the rate of withholding income tax on the import of mobile phones was Rs. 730 in case of a mobile phone valued between $30 and $100. Now taxes have been reduced for phones having a value exceeding $30 and up to $100, from Rs. 730 to Rs. 100 per mobile phone.

Telcos in Pakistan and other stake holders are welcoming the act of the govt as this step will really help to florish the Digital Pakistan agenda.

Related Articles

Leave a Reply

Your email address will not be published.