As an aftereffect of the mini budget January 2022, Pakistan Telecommunication Authority (PTA) revised its tax rates. Meanwhile, it notified the media with its revised new tax for mobile phones in Pakistan 2022. The surprised netizens have come up against the new tax rate. As a matter of fact, the rate is adjusted at a General Sale Tax of 17% on new mobile phones. According to the masses, smart phones and telecommunication equipment has become a necessity of daily life. Meanwhile, applying so much tax will be making this equipment practically unattainable to a common man of Pakistan.
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As a matter of fact, the new taxes are almost double to that of the previous ones. New tax for mobile phones in Pakistan 2022 is shared below;
Sr.no. | Price Range | Old Tax | New Tax |
1 | 100 – 200 US$ | PKR 11,500 | PKR 25,000 |
2 | 201 – 350 US$ | PKR 16,500 | PKR 49,000 |
3 | 351 – 500 US$ | PKR 28,800 | PKR 68,500 |
4 | Above 500 US$ | PKR 46,500 | PKR 85,500 |
At an estimation, a total of PKR 350 billion has been raised in the new mini budget. Meanwhile, one-tenth of this revenue will be borne by the telecommunication sector. The mini budget shared in January; the government has implemented a new tax for mobile phones in Pakistan 2022.
So, will you be buying a new iPhone this year, with these taxes? For more information, follow us on LinkedIn and Facebook.