Heavy taxes on Pakistan’s mobile sector hinder digital growth
Muhammad Naeem:
Islamabad:A new report by global economic consultancy Frontier Economics has warned that excessive taxation on Pakistan’s mobile sector is hindering digital growth, limiting internet accessibility and slowing overall economic progress in the country.
The report further stated that mobile companies are also subject to 29 per cent corporate tax along with an additional 10 per cent super tax on profits.
Frontier Economics recommended that the total sales and turnover tax on mobile services be reduced from 37 per cent to 17 per cent. It added that Pakistan is among the countries imposing the highest taxes on mobile services in the world.
The report stated that excessive taxation on the mobile sector remains a serious barrier to digital expansion, internet accessibility and broader economic growth in the country.
