Latest budget withdraws 3% of import tax on mobiles
Federal Budget 2019-2020 has some good news for mobile users
Pakistan Tehreek e Insaf presented its first full budget for 2019-2020 on 11th June, 2019. Where a lot of taxes have been imposed on various articles; Pakistan latest budget has some very good news for mobile users. According to new budget, 3% of import tax on mobile phones have been withdrawn.
Briefing in the national assembly, Hammad Azhar- state Minister for Revenue said that a number of taxes had been applied on smartphone sector. 3% decrease will give a sigh of relief to mobile dealers.
In recent months, since Govt. has imposed taxes on mobile phones; we have observed a visible decline in new phone purchasing. It also impacted the revenue generation form phone manufacturing companies. It seems that, the decrease of taxes in latest federal budget has taken in this context.
We can expect that government relaxation to mobile industry in its latest budget 2018-2019 will impact positively. Retailers will reduce smartphone prices and customers will be able to buy latest phones enthusiastically.