Technology

PTA reduces tax on iPhone 15 models

Published by
Staff Reporter

ISLAMABAD: The government has lowered the customs values for second-hand smartphones, which in turn has directly reduced the PTA taxes on various high-end models such as iPhone 15 Pro and iPhone 15 Pro Max.

As the PTA tax is calculated on the basis of customs value along with sales tax and mobile levies, this cut has made phone registration more economical for users.

The PTA tax has now been fixed at PKR 55,000 for both the iPhone 15 Pro and Pro Max when registered through a passport and at PKR 70,000 when registered through a CNIC, according to the new values.

This is a very significant cut in prices from the previous ones, and it has given a little relief to the consumers who were bearing the brunt of the high registration fee.

The decision has been made in such a way that both the buyers and sellers will get the advantage in the local mobile market. The decrease in the cost of legal phone registration at one stroke makes the prices of smartphones in Pakistan not so far off from the prices in the international markets.

Besides that, it persuades people to get their gadgets registered officially, rather than hiding them from the PTA or resorting to the grey market. The market analysts predict that this move will bring about transparency in the mobile phone sector, and the confusion over PTA taxes will also be reduced.

Offering clearer and fairer tax rates can be a way to build a relationship of trust with consumers and also to promote the legal use of imported devices. For the prospective registrant, the PTA Mobile Taxes Calculator is always there to give an approximate tax figure for different mobile models.

Nevertheless, it is suggested to the users that the final figures might not be the same, as there could be slight variations due to the official updates or changes made by the Federal Board of Revenue (FBR).

 

Staff Reporter

Recent Posts

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

29 minutes ago

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

1 hour ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

2 hours ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

2 hours ago

Afghan Women’s refugee team could Play International matches by 2030

DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…

3 hours ago

US-Iran tensions spark fears of fuel price hike in Pakistan

ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…

3 hours ago