Bad News for Gamers: Govt is Increasing Taxes on Graphics Cards
It’s been a while since the global GPU shortage ended, thanks to the recent cryptocurrency crash and diminishing demand for graphics cards. Many GPUs from Nvidia and AMD are now available at their original price (MSRP), and some are cheaper than their original price tags as companies struggle to clear their stocks before launching new cards.
The market has recovered chiefly, but graphics cards in Pakistan are still going for ridiculous rates, which will only worsen. The government and Pakistan Customs have added duties and taxes on importing graphics cards.
In the past, there was no official valuation ruling or assessment guidelines on GPUs by Pakistan Customs, but there will be heavy taxes now. Here is how duties on graphics cards will be assessed at customs from now on. It varies by the VRAM capacity of a GPU.
- 4GB = $65
- 6GB = $98
- 8GB = $198
- 10GB = $262
- 12GB = $382
- 16GB = $468
- 24GB = $542
How Taxes Will be Calculated
The exact duties are calculated by multiplying the total assessed value of a card by 36% and then multiplying by the current USD exchange rate. For example, Nvidia RTX 3080 has 10GB VRAM, so you would multiply $262 with 36%, which is $94.32. The final result is then multiplied by USD’s current value to calculate its worth in PKR ($94.32 x 215 = Rs. 20,278).
Furthermore, it was revealed that Pakistan Customs has taken up to 700 RTX graphics cards in custody. These have been locked up for over 60 days in their warehouses. The authority has also imposed fines of up to Rs. 4 million on local distributors.
In short, graphics cards in Pakistan will only get more expensive moving forward, and the situation is not expected to get any better anytime soon.