Tuesday, 02 January 2024 09:53

Mobile phone prices to go up bi 35 percent from today Featured

Selling prices of all types of mobile phones will be increased by 35 per cent from today with the imposement of the new VAT, the Mobile Phone Marketing and Sales Association (MPMSA) said.

The president of the association Sampath Senarath said the decision was taken due to the increase in VAT by 18 percent with effect from tomorrWith this price increase, there will be a decline of about 50 percent in the mobile phone market, he said.

Accordingly, from tomorrow, a mobile phone worth Rs. 100,000 will be sold at a price of Rs.135,000.

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