ISLAMABAD – Pakistan’s Finance Minister Ishaq Dar on Friday unveiled the budget for the fiscal year 2023-24, proposing new taxes of more than Rs200 billion.
The coalition government however has made no changes in taxes and duties received on locally manufactured and imported mobile phones.
The prices for locally assembled and imported mobiles will remain the same, in a surprise move as reports earlier suggested a surge in taxes on mobile phones.
If you are looking to import a mobile phone, you have to pay the following taxes.
- Provincial Tax = 0.9%
- IT Duty = 9%
Regulatory Duty
- $1 to $30 = Rs. 180
- $30 to $100 = Rs. 1,800
- $100 to $200 = Rs. 2,700
- $200 to $350 = Rs. 3,600
- $350 to $500 = Rs. 10,500
- $500+ = Rs. 18,500
Sales Tax
- $1 to $30 = Rs. 150
- $30 to $100 = Rs. 1,470
- $100 to $200 = Rs. 1,870
- $200 to $350 = Rs. 1,930
- $350 to $500 = Rs. 6,000
- $500+ = Rs. 10,300
Withholding Tax
- $1 to $30 = Rs. 70
- $30 to $100 = Rs.
- $100 to $200 = Rs. 930
- $200 to $350 = Rs. 970
- $350 to $500 = Rs. 3000
- $500+ = Rs. 5200
Mobile Levy
- Rs. 10,000 – 40,000 = Rs. 1,000
- Rs. 40,000 to 80,000 = Rs. 3,000
- Phones over Rs80,000 = Rs. 5,000
Has Pakistan increased tax on smartphones in Budget 2023-24?
