Government Reduces Mobile Phone Import Tax From 61% to 43.4%
The move aims to curb illegal phones and stabilize the smartphone market.
In a significant step to stabilize the smartphone market and eliminate the dominance of unofficial and illegal mobile phones, the government has decided to reduce the import tax on mobile phones from the current 61% to 43.4%. This reduction is aimed at promoting transparency and curbing the influx of smuggled devices.
Additionally, the government has slashed the import duty on locally assembled mobile phones from 10% to 5%. This initiative seeks to encourage local assembly and manufacturing, providing a boost to the domestic mobile industry.
Shafiqul Alam, Press Secretary of the Chief Adviser, revealed these measures at a press conference following a meeting of the Advisory Council on January 1. He emphasized that the primary goal of these changes is to combat the spread of illegal phones in the market and support local industries. The reduction in tax will likely help reduce production costs for local manufacturers and protect the domestic industry from external competition.
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