Economy, Domestic Economy
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Cellphone Import Tariff at 5%

Cellphone Import Tariff  at 5%Cellphone Import Tariff  at 5%

The import tariff on mobile phones has been reduced from last year’s 7% to 5% in the current Iranian year (March 2016-17), says the deputy head of the Association of Audiovisual Equipment Salespeople, Nassrollah Oranipour. The official explained that the move is intended to reduce smuggling and support consumers, Mehr News Agency reported. Importers also need to pay a 9% value-added tax, he added.  According to the Islamic Republic of Iran Customs Administration, mobile phones are among the top three favorites of smugglers, besides clothes and fuel.

Financialtribune.com