The Government has Reduced Advance Income Tax on Import of Mobile Phones

The FBR suggested the rate of withholding income tax on imports of mobile phones to Rs 730 before the promulgation of Tax Acts (Second Amendment) ordinance for 2019 for mobile phones with a value of more than $30, or as high as a $100.

The income tax at import level for mobile phones of a value between $30 and $100 is reduced from Rs730 to Rs100 per mobile telephone in order to support the efforts of the government in the promotion of financial inclusion, e-commerce and so forth.

After the amendment the advance tax rates on import of mobile phones are following:

01. Up to $30 the advance income tax is Rs70

02. Exceeding $30 and up to $100 the advance tax is Rs100

03. Exceeding $100 and up to $200 the advance tax is Rs930

04. Exceeding $200 and up to $350 the advance tax is Rs970

05. Exceeding $350 and up to $500 the advance tax is Rs3,000

06. Exceeding $500 the advance tax is Rs5,200.