Tax on smart phone import reduced

KARACHI: Government of Pakistan has reduced tax on imported smartphones. According to details, one category — for which import duty was Rs. 1,000 — the rate of duty has been decreased to Rs. 650.

Government said that step is taken to increase the uptake of smartphones in the country. It must be mentioned here that tax is Rs300 on imported feature phone; Rs1,000 on smart phones and Rs1500 on high-end smart phones.

The rate of tax is reduced on smart phones to Rs650/set from Rs1000’set earlier. It must be noted here that import duty for two other categories of phones will remain intact.

It merits noting here that import duty on smartphones was increased from Rs. 500 to Rs. 1,500 with-in last two years only, which is now been slashed partially.

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