Mobile Phone Users in Pakistan to Pay Low Advance Income Tax
The tax on mobile phone users will reportedly gradually decrease after the federal cabinet approves the sector of the telecom industry, according to official reports.
However, a recent tweet from the ministry highlighted the fact that the federal cabinet’s approval was based solely on the Ministry of IT & Telecommunications’ recommendations.
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The ministry also announced that taxes on all users of mobile phones and the telecom sector will be gradually reduced.
The official source also stated that from the fiscal year 2021 to 2022 forward, the advance income tax for mobile phone users would also be decreased by a percentage, from 12.5% to 10%, and so on in the next fiscal year of 2022 to 2023, this will go further fall to 8%.
The Federal Excise Duty, or FED, on communications services has also been reduced from 17% to 16%, the Minister noted.
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