The mobile phone taxes in Pakistan are to reduce significantly by the Federal Board of Revenue—FBR.
FBR has suggested cutting the regulatory duty (RD) on the import of mobile phones by up to 50percent in some of the cases, adding that the move is targeted at providing relief to the common man and to assist in the digitalisation endeavours.
The measure is anticipated to have an impact on the overall collection of the duties under this division since the FBR is of the belief that this measure would lead to a higher volume of imports.
As per the summary which carries the signature of the revenue board—Chairman Shabbar Zaidi, this cut in the tax is anticipated to surge the import volume of the mobile phones in Pakistan.
It added that this may to some extent, would neutralise the otherwise negative impact of this step.
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