Gov’t Approves Regulations to Support Smartphone Production

The Council of Ministers has approved executive regulations to support smartphone production and the domestic microelectronics industry outlined in the budget law of the fiscal 2022-23.
According to these regulations, the import duty for cellphones worth over $600 is equal to 12% and the revenues obtained will be allocated to the Ministry of Industries, Mining and Trade’s Support Fund for Research and Development of Advanced Industries.
As mobile phone manufacture in Iran has high risks for the private sector, the government has endeavored to cover this risk by using legal protections in the form of a budget program by levying the import tariff on smartphones and allocating the revenues for the development of the domestic mobile phone ecosystem, the news portal of the Council of Ministers reported.
The necessity of having an annual production of 20% of smartphones (amounting to nearly three million devices) needed domestically is the main reason for the regulation’s approval.