What affects smartphone pricing In Nepal?
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This is the situation. You want or need a new phone. You look for some good phones within your budget. After that, you search the Internet for their prices. Lastly, you are disheartened by the fact that phones in China and India are better than those in Nepal for your money.
Does that sound familiar? Since it is the way it is, it ought to be. Nepalese customers occasionally gripe about the exorbitant cost of smartphones. Examine the differences in cosThis is this situation.
You want or need a new phone. You look for some good phones within your budget. After that, you search the Internet for their prices. Lastly, you are disheartened by the fact that phones in China and India are better than those in Nepal for your money. Does that sound familiar? Since it is the way it is, it ought to be.
Nepalese customers occasionally gripe about the exorbitant cost of smartphones. Examine the differences in cost between the domestic and foreign markets for phones. Why, after all, go so far? Consider India, our neighbor.
When comparing identical phones with identical specifications and materials, the cost of smartphones in Nepal seems exorbitant.
But distinction between the domestic and foreign markets for phones. Why, after all, go so far? Consider India, our neighbor. When comparing identical phones with identical specifications and materials, the cost of smartphones in Nepal seems exorbitant.
The number one factor is
Tax Increment.
Smartphone retailers paid 13% VAT prior to the tax increase, and at the end of the fiscal year, they received a 40% VAT refund, for a net tax rate of 7.8%.
However, in accordance with the 2075–2076 policy, the 40% VAT return was eliminated, and an additional 5% excise duty was added to the 13% tax, for a total tax rate of 18%. which resulted in a 10% increase in phone prices. And that only applies to smartphones. The situation with other devices is completely different. Therefore, even though suppliers and consumers are both experiencing price increases, prices are also rising. The default value-added tax, or good and service tax, is 13%. The extra tax that distributors tack on to the VAT for selling smartphones is known as the 5% excise duty.
Disappointed, right?