Mobile handsets to be costlier
Thu Jun 9, 2022 03:29 PM Last update on: Thu Jun 9, 2022 05:50 PM
The price of the handsets will go up as the government today proposed 5 percent value-added tax on mobile handset sales.
"I propose to withdraw the existing 5 percent VAT exemption at trading stage of mobile phone sets," said Finance Minister AHM Mustafa Kamal said in his budget speech.
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Presently, there is about 58 percent tax on smartphone imports, whereas the tax on the locally assembled and manufactured handsets varies from 3 percent to 27 percent.
The number of locally manufactured and imported handsets was 4.12 crore in 2020-21.
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