ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that taxes on imported smart phones have been reduced drastically.
In a tweet message, FBR spokesman said that according to Government’s Digital Pakistan Initiative, Sales Tax and Income Tax at import stage has been drastically reduced in case of smart phones of Rs. 15,000 or below.
The government is however cognizant of the fact that local manufacturers might need some protection to provide them an even playing field in the market and to encourage local manufacturing of smart phones in Pakistan.
In this regard, a committee under the leadership of Advisor for Commerce, Textile, Industry & Productions and Investment Mr. Abdul Razak Dawood is already working. Final decision in this regard will be taken ECC after consulting all the stakeholders