Electronics Import Duty to increase as Infinix Enters Market –Anite

BY EVA NAMUGABI

The State minister Finance in charge of Investment Evelyn Anite, reveals that a 25% import duty will be announced and imposed on imported phones as infinix plans to construct a phone plant in the Country.

Currently, the import duty on smartphones is maintained at 10% with other taxes like Value added tax of 18% on all imported mobile phone devices. Launching the Infinix Note 40 series in Kampala Anite, noted that the 25% import duty will act as a barrier on imported electronics in support of the locally manufactured products under the Buy Uganda Build Uganda initiative.

‘’When we build this capacity with the entry of infinix, of course we are going to take it even to 25% and that will create more demand for locally manufactured phones’’ Anite said.

According to Anite the Smart phone Company is already in advanced stages of constructing the mobile phone assembling plant in Uganda in Nakifuma –Mukono district, a move anticipated to further make quality smartphones affordable to Ugandans.

In her remarks Anite tasked the company to expedite the processes to start assembling phones in Uganda and stop suffering with too much tax on imported phones. She went on and assured that the 1.5% stamp duty required for documents during the registration process is waived off for both foreign and local manufacturers investing in smartphone and electronics manufacturing.

Apparently, infinix is among the smartphone companies in the country that have contributed to the steady growth of the smartphone penetration in Uganda from 4.57 million in the first quarter of 2018 to over 12 million by the fourth quarter of 2022,according to available reports .

Barnett Fan, the brand manager Infinix says that with the digital age it is important to invest in new technologies saying that infinix Note 40 series, is a new innovation that was designed to address the challenge of power shortages.

‘’The Note 40 series introduces revolutionary 100W fast charge technology, allowing users to go from 1% to 50% battery capacity in just eight minutes’’ Barnett explains. Among other features, the new series comes with a 108MP camera to allow users unleash their creativity and capture all moments but also be able to store their memories with its 256GB storage capacity.

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