GOVERNMENT IS LIKELY TO INTRODUCE NEW MOBILE PHONE TAX
New Mobile Phone Tax
The Federal Board of Revenue (FBR) was urged by the Pakistan Mobile Phone Manufacturers Association (PMPMA) to uphold the promises given by the government to investors and desist from raising the mobile phone rate structures.
According to sources, the federal government is thinking of including an 18% sales tax in the upcoming budget for businesses that assemble mobile phones.
New Mobile Phone Tax
The PMPMA delegation highlighted worries in a recent meeting with the FBR that higher tariffs would significantly affect Pakistan’s export goals for mobile phones in addition to interfering with the localization plan.
The delegation emphasized that the industry would suffer greatly if an 18% sales tax was imposed on all mobile phones made in the nation. Phone sets up to $350 are excluded from the 18% sales tax under the Mobile Device Manufacturing Policy 2020, whereas sets over this amount are subject to the full sales tax.
According to the Association, most local businesses build phone sets in this price range, which makes up about 55% of all cellphones in use in the nation.
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