Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has informed the National Assembly Standing Committee on Finance and Revenue that the regulator may reduce taxes on imported mobile phones worth up to $200.
Langrial told the committee that reducing taxes on phones priced up to $200 is under consideration. He noted that imported mobile phones generate around Rs. 37 billion in annual tax revenue, of which Apple devices alone contribute approximately Rs. 21 billion.
According to the FBR briefing, phones worth $101 to $200 are subject to a 40 percent tax, those between $201 and $350 are taxed at 38 percent, devices priced between $351 and $500 attract a 40 percent tax, and phones costing more than $500 are taxed at 41 percent.
The effective average tax rate across all imported phone categories stands at 39.6 percent.
Depending on the handset’s value, the tax payable ranges from Rs. 1,500 to as much as Rs. 141,500 per device.
Nearly 44 percent of imported phones fall within the $31-$100 category, FBR officials added.
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