Details of taxes imposed on mobile phones in mini-budget

Finance Minister Asad Umar on Wednesday presented mini-budget in the National Assembly jacking up tax on import of high-end user mobile phone sets.Presenting the Finance Supplementary (Second Amendment) Bill, 2019 approved by the Federal Cabinet earlier today, Asad Umar said it was not a mini-budget but rather a set of economic reforms.According to the document, Cellular mobile phones or satellite phones to be charged on the basis of import value per set, or equivalent value in rupees in case of supply by the manufacturer.Mobile Value  and   Tax in RupeesMobile Phone not exceeding $30 (Rs.150) Mobile Phone exceeding $ 30 but not exceeding $ 100   (Rs. 1,470)Mobile phones exceeding $100 but not exceeding $200   (Rs. 1,870)Exceeding $ 200 but not exceeding uS$ 350   (Rs. 1,930)Exceeding $ 350 but not exceeding US$ 500   (Rs.6,000) Exceeding $ 500   (Rs. 10,300) Meanwhile, Federal Board of Revenue Combine Tax will be applicable on imported mobile phones.Member policy FBR while briefing in Islamabad gave details of the imported cellular phones.According to details, Rs 400 tax will be applicable on mobile phones worth Rs10,000; Rs4000 tax on phones of price Rs28,000; Rs6000 tax on phone worth Rs60,000; Rs8000 tax on phone worth Rs105,000 and Rs23000 tax on the phones worth Rs150,000 while Rs41,000 tax on the phones worth more than Rs150,000.  

from The News International - Business http://bit.ly/2HN2bq2