Proposed National Budget 2019-20

Smart phone to be costlier

Staff Correspondent

13th June, 2019 11:44:08 printer

Smart phone to be costlier

Use of smart phone will be costlier as 25 percent tax was proposed against 10 percent in the existing policy.

The government has increased the tax to support the local manufacturers of the electronic device.

Technology experts also apprehended that the cost of mobile phone use will be increased due to five percent increase of supplementary duty.

The government has increased supplementary duty on voice call and text message, resulting in hike in cost of mobile phone use.  The tax structure on internet remains unchanged to 5 percent.

With increased 5 percent duty, the mobile phone users will count a total of 27 percent duty on credit, including15 percent value added tax, 1 percent surcharge and 10 percent supplementary duty.

In budget speech, the Finance Minister mentioned several new technologies including – 4IR, Block Chain which inspired the industry insiders of technology sector.

“It’s an ultimate budget for Digital Bangladesh towards fourth industrial revolution.

Finance Minister has cleared the way for developing human resource development focusing on new technologies,” Telecommunications Minister Mustafa Jabbar tells Daily Sun.

Mustafa Jabbar said the technology sector gets a complete fiscal planning after announcing the Digital Bangladesh theme a decade ago.