Govt imposes 25% tax on imported mobile phones

MG News | July 25, 2024 at 10:38 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 25, 2024 (MLN): The government will charge a 25% sales tax on the import of mobile phones in completely built up (CBU) condition having a value above $500, according to the updated Sales Tax Act 1990 issued on Tuesday.

Moreover, the government will charge an 18% sales tax for imported semi-built and locally manufactured completely built mobile phones.

The Federal Board of Revenue (FBR) on Tuesday issued the Sales Tax Act, 1990 amended up to June 30, 2024. The amendments have made through the Finance Act, 2024.

Meanwhile, a flat 18% sales tax will be charged on all mobile phones up to the value of $500 for the three categories of imported completely built, imported semi-built, and locally manufactured completely built.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,700.00	63,700.00 63,430.00	40.00 0.06%
BRENT CRUDE	86.80	89.90 85.80	-3.58 -3.96%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.29	87.23 83.20	-3.42 -3.90%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%