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Govt Increases Taxes on Import of Mobile Phones by 240%

by Ali Gulrez
Jul 3, 2021
in Islamabad, National, Technology
2

In a bid to encourage local cellphone manufacturing, the federal government has increased taxes and regulatory duty on import of mobile phones by up to 240%, depending on the value of the smartphone.

Taxes on Mobile Phones, Taxes Mobile Phones, Regulatory Duty Mobile Phones, Regulatory Duties
Govt Increases Taxes on Import of Mobile Phones by 240%.

The new taxes and regulatory duty on mobile phones came into effect on Thursday, according to a notification issued by the Federal Board of Revenue (FBR).

These steps have been taken at a time when cellphones are in high demand due to online classes being taken by students across the country. However, the tax authorities’ rationale behind the increase in regulatory duties is to encourage local production of cellphones.

It is pertinent to mention that the country imported $1.9 billion worth of smartphones, an increase of 63%, during the period of July to May of the last fiscal year.

The regulatory duty on the import of mobile phones has been increased in the range of 32% to 240%, depending on the value of the imported mobile phone.

Taxes / Regulatory Duty on Mobile Phones

Mobile Phone Value
Taxes/Regulatory Duty
Increase
$1 – $30
Rs. 300 per set
Rs. 132 or 82%
$31 – $100
Rs. 3,000 per set
Rs. 1,380 or 85%
$101 – $200
Rs. 7,500 per set
Rs. 5,070 or $208%
$201 – $350
Rs. 11,000 per set
Rs. 7,760 or 240%
$351 – $500
Rs. 15,000 per set
Rs. 5,500 or 59%
Above $500
Rs. 22,000 per set
Rs. 5,350 or 32%

These are the new taxes and regulatory duty on the import of mobile phones. Let us know what you think of this government decision in the comments below.

Read more: Govt Announces Tax on Mobile Calls Longer Than 5 Minutes.

Follow INCPAK on Facebook / Twitter / Instagram  for update.

Tags: Regulatory DutiesRegulatory Duty Mobile PhonesTaxes Mobile PhonesTaxes on Mobile Phones
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Comments 2

  1. Anonymous says:
    12 months ago

    Tax decreased on phones above 500 $ ?

    Reply
  2. Ak says:
    12 months ago

    So from 32520 to 22000 for above 500$ ?

    Reply

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