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South Africa to remove luxury duty on lower value smartphones

South Africa to remove luxury duty on lower value smartphones

Technology

South Africa to remove luxury duty on lower value smartphones

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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%.