Federal Board of Revenue (FBR) has issued a clarification on the news item published in some section of the press. FBR has clarified that according to Government’s Digital Pakistan Initiative, Sales Tax and Income Tax at import stage has been drastically reduced in case of smart phones of Rs. 15,000 or below.
The Government of Pakistan is however cognizant of the fact that local manufacturers might need some protection to provide them an even playing field in the market and to encourage local manufacturing of smart phones in Pakistan.
In this regard, a committee under the leadership of Advisor for Commerce, Textile, Industry & Productions and Investment Mr. Abdul Razak Dawood is already working. Final decision in this regard will be taken by the Economic Coordination Committee (ECC) after consulting all the stakeholders.
Content Source – FBR