25% sales tax will be applied to completely built-up (CBU) mobile phones valued over $500 The Federal Board of Revenue (FBR) has announced a new sales tax policy that will affect mobile phone prices significantly, starting July 25, 2024. According to the revised Sales Tax Act, 1990, a 25% sales tax will be applied to …
The Federal Board of Revenue (FBR) has updated the Sales Tax Act, 1990, instituting a 25% sales tax on the import of Completely Built Up (CBU) mobile phones valued over $500 per unit. This change, effective from Wednesday and incorporating amendments from the Finance Act 2024, specifies that both mobile and satellite phones exceeding this …