The gaming industry was hit by the worst global GPU shortage and the gaming community was waiting for the crisis to resolve but now when the global GPU shortage has ended, the Pakistani gaming industry still doesn’t seem to gain the relief they were expecting. According to some media reports, the government of Pakistan is about to impose heavy duties and taxes on graphic cards which are going to make them even more expensive.
Taxes on Graphic Cards to be Assessed at Customs
Previously, there were no popular ruling or assessment guidelines by Pakistan customs, however, there will be Heavy Taxes on Graphic cards from now on and they will be assessed at customs varying by their VRAM capacity. As per details, a 36% regulatory duty will be charged when the graphic cards are imported into the country after converting the price into the Pakistani rupee based on the exchange rate.
The Pakistan Customs department has taken up to 700 RTX graphics cards in custody that have been locked in their warehouse for more than 60 days. The customs department has also imposed heavy fines of up to Rs. 4 million on local distributors. Pakistan Custom has also revealed details on how these new taxes on graphic cards will be assessed:
4GB = $65
6GB = $98
8GB = $198
10GB = $262
12GB = $382
16GB = $468
24GB = $542
How to calculate the duties?
The exact duties are calculated by multiplying the total assessed value of a card by 36% and then multiplied by the current USD exchange rate. For example, an 8 GB graphic card priced at $196 will be evaluated according to today’s exchange rate which was Rs. 214.95. So, you would multiply 196×216.16=42,367, adding 36% tax on the resulted amount will be Rs. 15,252, which means that the tax charged on an 8GB card would be 15 thousand.