FBR revaluates duty and tax rates on phones

FBR-mobile-tax

On Thursday, the Federal Board of Revenue (FBR) laid forth new duty and tax rates on mobile phones.

The FBR’s reaffirmation comes after the recently passed Finance Supplementary Bill. According to media reports, buyers now will have to pay a whopping 17 per cent sale tax along with duty and tax on phones.

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As per the FBR, the application will be stamped along with the passport within two months of arrival in Pakistan.

For mobile phones worth US$30, the duty and tax rate will be Rs430. The duty and tax on mobile phones costing up to $100 will be Rs3,200.

Moreover, 17 per cent sales tax – Rs27,600 – will be paid on mobile phones worth $500.

It is pertinent to state that duties and taxes would also be slapped on the purchase of mobile phones via National Identity Cards.

Tax on phones worth US$30 on ID cards will be Rs550.

According to FBR’s statement, taxes and duties on phones costing between $350 to $500 will be Rs23,240 along with the 17% sales tax, which will also have to be paid.

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