Pakistan Import duty price on Mobile Phones Increase
Yes, you it is correct Pakistan import duty price on Mobile phone increase or smartphones might or other words say you read that right: the government of Pakistan has increased the import duties on smartphones to 240%. Import duty will be levied on all phones that are not stored in the nation.
Pakistan Import duty price on Mobile Phones
In Pakistan Import duty price on Mobile Phones has been increased from 32% to 240%. This is not just a 240% surcharge on everything. A $ 30 handset will now be available for Rs. 300, with an increase of Rs. 135 or 82%. So, regardless of your budget, you will have to spend more.
Pakistan Import Duty price on mobile phones increase Charges
Despite being a food-scarce country, the government has imposed a 55% regulatory charge on potato imports, 60% on wheat imports and 25% on wheat flour imports. Mainly the federal cabinet has waived duties and tariffs on wheat and sugar imports.
Increase Duty Charges in Pakistan Imported Mobile Phones / smartphones
On the other hand, the increase in tariffs on mobile imports is thought by tax authorities to increase the production of locally made devices (which are almost none). As a result, consumers who want a beautiful flagship or iPhone will not have to pay more than the price of a smartphone.
How much is import duty on mobile?
Up to 240%
Pakistan Import, duty price on mobile phones
Main Reason of increase Pakistan Import duty price on Mobile Phones
The main reason / cause for the rise of electronic goods / product manufacturers is the disruption in the supply chain such as smartphones and smart TVs. Decreased supply of key components – chip sets, display panels, display drivers, back panels, batteries – seems to be the biggest reason for the rise in prices.
What are Pakistan Import duty price on Mobile Phones
Import duties on mobile phones in pakistan300 per set, while it will be levied at the rate of Rs. Not more than 100 100. Each smartphone costs up to 30.
How import duty calculated in Pakistan?
Calculation of Income Tax for Imported Goods
- Customs Value in Rs = 2937254. Pakistan rupees
- Regulatory Duty in Rs = 587451.
- Customs Duty in Rs = 587451.
- Addition Customs duty in Rs = 29373.
- Sales Tax in Rs = 704060.
- Addition Sales Tax in Rs = 124246.
Income Tax in Rs (4969835 x 6%) = 298190.
