The Federal Board of Revenue (FBR) has announced a new sales tax policy, which will take effect on July 25, 2024, and is expected to have a substantial impact on mobile phone rates.
The amended Sales Tax Act of 1990 imposes a 25% sales tax on completely built-up (CBU) mobile phones valued over $500, while those priced under $500 incur an 18% tax.
Locally assembled CBU phones, as well as imports in fully knocked down (CKD) or semi-knocked down (SKD) form, will be taxed at 18%.
The 2018 fiscal year’s budget proposes imposing a federal excise duty (FED) on imported mobile phones, hiking the Pakistan Telecommunication Authority (PTA) tax, and increasing the General Sales Tax (GST).
New taxes on mobile phones set to drive prices higher in Pakistan
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