The government has announced a 25% sales tax on the import of mobile phones in completely built up (CBU) condition valued above $500, as per the updated Sales Tax Act 1990 issued on Tuesday.
According to the amended Sales Tax Act, mobile and satellite phones with an import value above $500 per unit, or the equivalent value in rupees if supplied by the producer, will incur this 25% tax. Mobile phones in CBU condition at the time of import or registration (IMEI number by CMOs) will be subject to this tax. In contrast, CBU phones valued at less than $500 will face an 18% sales tax.
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Additionally, locally manufactured mobile phones in CBU condition will also be subject to an 18% sales tax, as will imports in Completely Knocked Down (CKD) or Semi-Knocked Down (SKD) condition.
The sales tax rate will remain 18% for imports in CKD/SKD condition and for the supply of locally manufactured mobile phones in CBU condition, regardless of their value.
Bruhhh, these new taxations are so hefty considering the wage we recieve for our hard work.