FBR Reduce taxes on smart phones

FBR  Reduce taxes on smart phones 

The government has reduced the tax on smartphones worth Rs 15,000 or less by Rs 1150.

According to the FBR, the tax on import of smartphones has been substantially reduced as per the digital Pakistan measures, the FBR statement states that the government has decided to sell 15,000 or less smartphones Sales tax and income tax rate on import has been reduced by Rs 1150.

The FBR said the government was aware that conditions in the market should be favorable and favorable for local businessmen and industrialists as well. Hence, the government is encouraging local production of smartphones.

According to the FBR, the duty on mobile phone sets up to $ 100 has been reduced from Rs 1350 to 200 per mobile. Taxes valued at more than $ 100 are still intact, and the modification of regulatory duties on the import of phones into customs is in the pipeline, which will be decided by the Economic Coordinating Committee.