ISLAMABAD: Federal Board of Revenue (FBR) issued details of sales tax concessions to the tune of Rs23.15 billion granted on import mobile phones.
The FBR issued the cost of allowing reduced rate of sales tax on the import of cellular phones during fiscal year 2020.
FBR sources said that the beneficiaries of sales tax concessions were importer and general public.
Following table explains head wise cost of sales tax concession on import different type of mobile phones;
|S. No.||Value of mobile phones||Sales tax concession|
|1||Cellular mobile phones (not exceeding US$ 30)||Rs2,424 million|
|2||Cellular mobile phones (exceeding US$ 30 but not exceeding US$ 100)||Rs 10,032 million|
|3||Cellular mobile phones (exceeding US$ 100 but not exceeding US$ 200)||Rs5,764 million|
|4||Cellular mobile phones (exceeding US$ 200 but not exceeding US$ 350)||Rs 1,239 million|
|5||Cellular mobile phones (exceeding US$ 350 but not exceeding US$ 500)||Rs 56 million|
|6||Cellular mobile phones (Exceeding US$ 500)||Rs 731 million|
|7||Cellular mobile phones (PTA – DIRBS)||Rs2,908 million|