Significant reduction of taxes on import of smart phones : AsiaNet-Pakistan

Significant reduction of taxes on import of smart phones

January 8, 2020 | General, Official News | Share:

Islamabad, January 08, 2020 (PPI-OT): Federal Board of Revenue (FBR) has issued a clarification on the news item published in some section of the press. FBR has clarified that according to Government’s Digital Pakistan Initiative, Sales Tax and Income Tax at import stage has been drastically reduced in case of smart phones of Rs. 15,000 or below.

The Government of Pakistan is however cognizant of the fact that local manufacturers might need some protection to provide them an even playing field in the market and to encourage local manufacturing of smart phones in Pakistan. In this regard, a committee under the leadership of Advisor for Commerce, Textile, Industry and Productions and Investment Mr. Abdul Razzak Dawood is already working. Final decision in this regard will be taken by the Economic Coordination Committee (ECC) after consulting all the stakeholders.

For more information, contact:
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92-51-9217267
Fax: +92-51-9208456


Category: General, Official News