Taxes Details imposed on mobile phones in mini-budget 2019 | In24By7

Taxes Details imposed on mobile phones in mini-budget 2019 | In24By7

Tax details on cell telephones: cell cell phones or satellite tv for pc phones to be charged on the idea of import price in keeping with set, or equivalent value in rupees in case of deliver by using the producer. Finance Supplementary second modification bill 2019 has proposed to increase the duty on costly units only.

Finance Minister Asad Umar on Wednesday supplied mini-budget inside the country wide assembly jacking up tax on import of excessive-quit user cellular cellphone sets.

offering the Finance Supplementary (second change) bill, 2019 authorized by using the Federal cupboard earlier these days, Asad Umar stated it become no longer a mini-finances however rather a fixed of monetary reforms.

in keeping with the record, cellular mobile phones or satellite tv for pc telephones to be charged on the premise of import cost per set, or equivalent price in rupees in case of deliver through the manufacturer.

Cell cost and Tax in Rupees:

Mobile Phone not exceeding $30 (Rs.150)

Mobile Phone exceeding $ 30 but not exceeding $ 100 (Rs. 1,470)

Mobile phones exceeding $100 but not exceeding $200 (Rs. 1,870)

Exceeding $ 200 but not exceeding uS$ 350 (Rs. 1,930)

Exceeding $ 350 but not exceeding US$ 500 (Rs.6,000)

Exceeding $ 500 (Rs. 10,300)