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Friday 21 June, 2024
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What are The New Import Taxes on Mobile Phones

BY Taimoor Qureshi Sep 13, 2022. 12:00 pm UPDATED: Sep 13, 2022. 12:00 pm

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The exorbitant price of the new iPhones in Pakistan has a purpose. A base-level iPhone 14 now costs more than the iPhone 13 Pro Max with double the storage from last year due to yet another increase in import fees.

A 128 GB iPhone 14 will set you back Rs. 419,999, a base iPhone 14 Plus Rs. 459,999, a Rs. 489,999 iPhone 14 Pro, and a Rs. 529,999 iPhone 14 Pro Max. These, however, are based on commercial rates, which are invariably more than the sum of the import taxes and the cost of the phone.

The tables below indicate the updated rates for the import taxes only. It should be noted that these prices began to apply on August 22 and will continue to do so until the same day the following year. As always, the fees for imports done through passports and CNIC are different.

Passport Rates

Mobile Phone Value in USDFixed Rate in PKR
Up to 301230
Above 30 and up to 1006400
Above 100 and up to 20017280
Above 200 and up to 35023800 + 17% Sales Tax
Above 350 and up to 50034000 + 17% Sales Tax
Above 500 and up to 70052000 + 17% Sales Tax
Above 70060000 + 17% Sales Tax

CNIC Rates

Mobile Phone Value in USDFixed Rate in PKR
Up to 301430
Above 30 and up to 1007843
Above 100 and up to 20020031
Above 200 and up to 35024770 + 17% Sales Tax
Above 350 and up to 50039000 + 17% Sales Tax
Above 500 and up to 700635000 + 17% Sales Tax
Above 70071500 + 17% Sales Tax

According to these tariffs, it would cost roughly Rs. 276100 to import an iPhone 14 through a passport. The base price of an iPhone 14 is $799, or Rs. 184,701. The final price is Rs. 276,100 after 17% sales tax (Rs. 31,399) and Rs. 60,000 have been added. This demonstrates the huge margins that phone sellers typically enjoy.

This implies that all subsequent phones, especially flagship phones, will be released in Pakistan with exorbitant price tags. For instance, the new Samsung foldables would likely set you back at least Rs. 400,000.

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