In a good development, Mobile Phones taxes in Pakistan to be drastically cut by FBR

In a good development, Mobile Phones taxes in Pakistan to be drastically cut by FBR
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KARACHI: In a good development, Mobile Phones taxes in Pakistan to be drastically cut by the Federal Board of Revenue (FBR).

FBR has proposed to slash regulatory duty (RD) on import of mobile phones by up to 50 per cent in some cases, saying the move is aimed to “provide relief to the common man and to support digitisation endeavours.”

The move is expected to have no impact in overall collection of duties under this head, since the FBR believes it will lead to higher volume of imports.

“This reduction in duty/tax is expected to increase import volume of mobiles in Pakistan,” the summary, which carries the signature of FBR Chairman Shabbar Zaidi, says. This may “to some extent, neutralise the otherwise negative impact of this measure.”

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