Friday, June 16, 2023

Significant Price Reduction of iPhones After PTA Tax Revision

The Pakistan Telecommunication Authority (PTA) has recently revised its tax allocation for iPhones, following the directives of the Federal Board of Revenue (FBR). This revision brings significant tax reductions of approximately 10% to 20% on the iPhone 14 series, resulting in notable price differences. The new tax rates vary depending on whether the purchase is made using a passport or a Computerized National Identity Card (CNIC), with differences ranging from Rs. 9,074 to Rs. 31,562 on the passport and Rs. 29,832 to Rs. 34,901 on the CNIC.

For instance, the tax on the iPhone 14 has been reduced from Rs. 134,825 to Rs. 125,751 when purchasing with a passport, while the tax on the CNIC has seen a significant decrease from Rs. 160,958 to Rs. 131,126. These adjustments also translate into reduced prices for the iPhone 14 Pro Max, with tax reductions of Rs. 31,262 on the passport and Rs. 34,901 on the CNIC.

To provide a clearer understanding of the revised tax rates, let's examine the tax differences on each iPhone 14 model:

iPhone PTA Tax on Passport:

iPhone 14 Pro Max: New Tax - Rs. 127,068, Old Tax - Rs. 158,630, Difference - Rs. 31,562
iPhone 14 Pro: New Tax - Rs. 127,000, Old Tax - Rs. 149,775, Difference - Rs. 22,775
iPhone 14 Plus: New Tax - Rs. 125,751, Old Tax - Rs. 140,575, Difference - Rs. 14,824
iPhone 14: New Tax - Rs. 125,751, Old Tax - Rs. 134,825, Difference - Rs. 9,074

iPhone PTA Tax on CNIC:

iPhone 14 Pro Max: New Tax - Rs. 152,242, Old Tax - Rs. 187,143, Difference - Rs. 34,901
iPhone 14 Pro: New Tax - Rs. 145,801, Old Tax - Rs. 177,403, Difference - Rs. 31,602
iPhone 14 Plus: New Tax - Rs. 131,126, Old Tax - Rs. 167,283, Difference - Rs. 36,157
iPhone 14: New Tax - Rs. 131,126, Old Tax - Rs. 160,958, Difference - Rs. 29,832

This tax reduction presents an excellent opportunity for users with non-PTA approved iPhones to benefit from lower taxes. Moreover, individuals who were planning to purchase a new iPhone or upgrade from previous models can take advantage of the reduced prices available now.

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