ISLAMABAD: On Wednesday, the federal government proposed an 18 percent standard tax rate on mobile phones across different categories.
Finance Minister Muhammad Aurangzeb presented this proposal in the budget for the fiscal year 2024-25. He mentioned that concessionary rates had caused market distortions, benefiting certain items unfairly.
He further said that implementing the standard tax would ensure equal opportunities and create market balance.
These are the reasons behind the government’s decision to impose the 18% standard tax rate on various mobile phone categories.
More details to come…