Mobile Phones to Become More Expensive Due to 18% Government Tax

The federal government has introduced a comprehensive tax overhaul, implementing major changes across various sectors. This reform aims to streamline the tax system and boost revenue collection.

One of the most significant changes is the introduction of an 18% sales tax on different categories of mobile phones, affecting both high-end smartphones and more affordable models. This move seeks to standardize taxation in the rapidly growing mobile phone market.

In addition to the new tax on mobile phones, the government has eliminated numerous sales tax exemptions that were previously available for various goods and services. These exemptions had created inconsistencies in the tax system, and their removal is intended to create a more equitable tax structure.

Furthermore, the government has standardized tax rates across a wide range of goods. Instead of having varying tax rates for different products, there will now be a consistent tax rate applied to similar categories of goods. This measure is expected to simplify the tax process for businesses and consumers alike, reducing confusion and making compliance easier.

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