FBR to Reduce Duties on Imported Phones by up to 50%

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FBR Duty

The Federal Board of Revenue (FBR) is in the midst of reducing regulatory duty (RD) on imported mobile phones by up to 50%.

A summary has been shared with the Ministry of Finance in this regard. It shares that this move will help in providing relief to the common man.

According to the FBR, a reduction in duty will encourage Pakistanis to import more sets in Pakistan.

PTCL

The summary reads:

This reduction in duty/tax is expected to increase import volume of mobiles in Pakistan.

Tecno Spark Go

Earlier, the government had reduced duties and taxes on mobile phones in the last budget. Handsets falling between $100-200 in value will get up to 50% in duty. The current RD rate of Rs. 2,430 has been proposed to be reduced by more than half to Rs. 1200.

Similarly, for phones set at the value of $201-350 will be slashed by Rs. 740 and sets between $351-500 will see Rs. 4500 decrease.

Mobile Phones
(C&F Value in USD)
Existing RD (Rs) Proposed RD (Rs)
Up to $30 165 165
Above $30 to $100 1620 1000
Above $100 to $200 2430 1200
Above $200 to $350 3240 2500
Above $350 to $500 9450 5000
Above $500 16650 9000

The FBR has also proposed to reduce the duty on imported used clothes and polyester fiber in the summary.

Stay tuned to Brandsynario for more news and updates.

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