Thursday, February 1, 2018

India Announces Latest Tax Increase on Imported Smartphones, Including iPhone

India is preparing to raise its customs duty on imported mobile phones — including Apple’s iPhone models besides the iPhone SE — from a previous standard of 15 percent to 20 percent (via Bloomberg). The latest tax hike for imported iPhones comes under two months after the last one, which saw the taxes on imported mobile phones increase from 10 percent to 15 percent. Like the previous increase,

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