New Taxes on iPhones After Budget 2024–25 in Pakistan
New Taxes on iPhones: The federal government has proposed various taxes on mobile phones, including the Apple iPhone, in the recently presented budget 2024–25. If the proposal is accepted, there will be new taxes on iPhone usage in Pakistan starting July 1, 2024.
New Taxes on iPhones After Budget 2024–25
In the Finance Bill 2024, the government proposed a 25% sales tax on imported smartphones priced above $500, including Apple iPhones, while all phones under $500 will be subject to an 18% sales tax.
These taxes will definitely affect the price of the Apple iPhone, as the company does not have an official presence in Pakistan and the phone is brought for sale in the local market.
Locally manufactured and supplied smartphones will also be taxed at the 18% rate.
Prices of These iPhone models are expected to Increase in Pakistan starting July 1, 2024
The proposal to increase the sales tax rate to 25% for the phones in Pakistan is expected to increase the prices of iPhone 11, iPhone 13, iPhone 14, iPhone 15, iPhone 15 plus, iPhone 15 Pro Max and iPhone 15 pro in Pakistan with value more than $500.
Also read: PTA Tax on iPhone All Models – All You Need to Know!