South Africa to remove luxury duty on lower value smartphones
Technology
South Africa to remove luxury duty on lower value smartphones
PRETORIA (Reuters) - South Africa's government has proposed to remove the luxury excise duty on smartphones worth below 2,500 rand ($136.37) from April 1 to support digital adoption for low-income households, the National Treasury said on Wednesday.
Currently, so-called ad valorem excise duties on smartphones are charged at a rate of 9%.
