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New taxes on mobile phones set to drive prices higher in Pakistan

Summary by The Express Tribune
The Federal Board of Revenue (FBR) has introduced a new sales tax policy, effective from July 25, 2024, which is set to impact mobile phone prices significantly. Under the updated Sales Tax Act, 1990, a 25% sales tax will be imposed on completely built-up (CBU) mobile phones valued over $500, while those priced under $500 will face an 18% tax. Locally assembled CBU phones, as well as imports in completely knocked down (CKD) or semi-knocked down …
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TaxesTaxes
Mobile PhonesMobile Phones
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