Apple iPhones New Tax Updates in Pakistan – The Pakistani government plans to raise taxes on mobile phones, including Apple iPhones, starting July 1, 2024. This could result in higher prices for iPhones in the country.
Key Highlights of the Proposed Tax Rates:
- 25% Ad Valorem Tax on High-End Smartphones:
- Imported smartphones priced above $500, including Apple iPhones, will be subject to a 25% ad valorem tax.
- This category includes popular models like iPhone 11, iPhone 13, iPhone 14, iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max.
- Standard 18% Sales Tax on Other Phones:
- Smartphones priced below $500 will incur a standard 18% sales tax.
- Locally manufactured and supplied smartphones will also face an 18% tax rate.
Impact on Apple iPhone Prices:
Since Apple doesn’t operate directly in Pakistan and its products are imported, the new 25% tax on expensive smartphones is likely to make iPhone prices go up. So, people should expect to pay more for the newest iPhone models from July 1, 2024 onwards.
Detailed Price Implications:
- iPhone 11: Already a popular choice, the price of this model will see a notable increase.
- iPhone 13: As a high-demand model, expect a significant price hike.
- iPhone 14: The latest in the market, this model’s price will surge, impacting early adopters.
- iPhone 15 Series: Including iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max, these models will experience a steep rise in prices, making them considerably more expensive.
The new tax rules in the 2024 Finance Bill are designed to raise more money from luxury goods brought into the country. This means that expensive items like Apple iPhones will cost more for people in Pakistan. Local smartphone makers and suppliers will also be affected by the 18% tax, but not as much as those who import high-end devices.
