South Africa Moves to Scrap Smartphone Luxury Tax
According to the report, the National Treasury has said that this is towards boosting digital access for low-income households.
South Africa’s government plans to eliminate the 9% luxury excise duty on smartphones priced below 2,500 rand ($136.37) starting April 1, Reuters has reported.
According to the report, the National Treasury has said that this is towards boosting digital access for low-income households.
Reuters’ report further mentioned that the current ad valorem excise duties on smartphones are charged at a rate of 9%.
