Pakistan

Dar announces increase rate of sales tax on mobile import

Published June 3, 2016 Updated June 3, 2016 04:30pm

1 min

By Shoaib Ur Rehman

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ISLAMABAD: Minister for Finance and Revenue, Senator Ishaq Dar on Friday announced that in order to stop mis-declaration and to bring the tax structure in line with market prices, the rates of sales tax on mobile phones are being rationalized.

In his budget speech, the minister said that the existing sales tax rates of Rs. 500 and Rs. 1,000 are proposed to be increased to Rs. 1,000 and Rs 1,500 for medium and high category mobile phones respectively.

He said that the rate of tax on low category mobiles will remain unchanged at Rs. 300.

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