$1.3 Billion Telecom Investment in Next 5 Years
From the Blog smartchoice Pakistan telecom industry currently has two large taxes imposed upon it. One if Federal Excise Duty (FED) and the other is Provincial Sales Tax. FED is 19% while PST is 18.5%, and according to GSM Association this taxation is hampering mobile service growth in Pakistan. GSM Association has proposed FBR to review this tax rate and propose better solutions to the government. This suggestion is based on a detailed report submitted to FBR by Deloitte titled “*Digital Inclusion and Mobile Taxation in Pakistan*“. According to this report: – Granting “Industrial Undertaking” status will allow cheaper equipment import, adding $28 million per annual to mobile operators’ annual revenues by 2020, overall economic benefit of $480 million and about $100 million investment in Pakistan. – pakistanblogs.blogspot.comRead Full Post
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