ISLAMABAD: The tax department has reduced sales tax on imported mobilephones from Rs1,320 to Rs200 per set.
According to documents available with this scribe, FBR has reduced salestax from Rs130 to Rs100 on imported mobile phone valuing up to $30 and fromRs1320 to Rs200 on phones valuing up to $100.
“The purpose of chargeability of mobile phones is to promote the digitaleconomy in the country.”
The FBR has also introduced the definition of a ‘greenfield industry’.Under the new definition, the department has “included the lands which werenot previously utilized for any commercial, industrial or manufacturingactivity and are free from constraints” imposed by any prior work.
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It has also included lands which were “built without demolishing,revamping, renovating, upgrading, remodelling or modifying any existingstructure, facility or plant”.
However, such property would not be included in the definition that wasestablished in Pakistan prior to commencement of the new business and isnot part of an expansion project. Besides, the definition also includes anyprocess or technology that has not earlier been used in Pakistan and is soapproved by Engineering Development Board.
