A new levy of up to Rs16,000 has been proposed on the import of mobile phone handsets and increased Federal Excise Duty (FED) on telecommunication services from 16 percent to 19.5 percent within the Islamabad Capital Territory (ICT) through Finance Bill, 2022.
According to the Finance Bill, there shall be a mobile handset levy at the rates specified on smartphones of different price categories.
Similarly, the rate of levy on the import of per set having a C&F value between $201 and $350 will be Rs1,800. The rate of levy per set on mobile phones having a C&F value between $351 and $500 will be Rs4,000. The rate of levy per set on mobile phones having a C&F value between $501 and $700 will be Rs8,000.Further the rate of levy per set on mobile phones having a C&F value between $201 and $350 will be 1800. The rate of levy per set on mobile phones having a C&F value between $351 and $500 will be 4000. The rate of levy per set on mobile phones having a C&F value between $501 and $700 will be 8000. The rate of levy per set on mobile phones having a C&F value of above $701 will be 16,000. The government has proposed to raise the Federal Excise Duty (FED) on telecommunication services from 16 percent to 19.5 percent in federal capital in the federal budget for the fiscal year 2022-23.
