ISLAMABAD: The government of Pakistan has officially listed the details of taxes and duties imposed on new and used mobile phones brought to Pakistan from abroad.
According to a private TV channel, the Federal Board of Revenue (FBR) has told the National Assembly Standing Committee on Finance that customs duty, mobile levy, regulatory duty, sales tax and withholding tax are levied on mobile phones according to different conditions.
The FBR has said that the actual price of the phone will be determined under the valuation rolling, while if the valuation of a model is not available, the price will be determined based on the import data of the last 90 days.
Under this policy, mobile phones worth $30 or less will be subject to a mobile levy of Rs100, a regulatory duty of Rs300, an 18 percent sales tax and a withholding tax of Rs70. Phones worth $30 to $100 will be subject to a mobile levy of Rs200, a regulatory duty of Rs3,000, an 18 percent sales tax and a withholding tax of Rs930. Mobile phones worth $100 to $200 will be subject to a mobile levy of Rs600, a regulatory duty of Rs7,500, an 18 percent sales tax and a withholding tax of Rs970.
While phones priced between $200 and $350 will have to pay a mobile levy of Rs1,800, a regulatory duty of Rs11,000, an 18 percent sales tax and a withholding tax of Rs5,000. Phones priced between $350 and $500 will have a mobile levy of Rs4,000, a regulatory duty of Rs15,000, an 18 percent sales tax and a withholding tax of Rs5,000. And the tax on mobile phones priced above $500 is the highest — a mobile levy of Rs8,000 is applicable, but if the price exceeds $700, this levy reaches Rs16,000, along with a regulatory duty of Rs22,000, a 25 percent sales tax and a withholding tax of Rs11,500.
ISLAMABAD (Rizwan Abassi): Pakistan’s recent trade policy has gained significance amid reports that the United…
ISLAMABAD: Important legislation may be considered in the negotiations between the Pakistan People's Party (PPP)…
ISLAMABAD: If you are thinking of applying for a UK visa from Pakistan and are…
LAHORE: The Drugs Control of Punjab declared a Class-I alert after the lab tests confirmed…
KARACHI: The government has decided to include unmarried women above the age of 35 in…
ISLAMABAD: The Pakistan Institute of Development Economics (PIED) has recommended setting the minimum monthly wage…