As per Lawkidunya, Tax rates on commercial properties in Karachi, Pakistan, are determined by the Karachi Metropolitan Corporation (KMC) and the Sindh Revenue Board (SRB). Here’s a breakdown:

Property Tax Rates

– Commercial Properties: 10% to 20% of the annual rental value (ARV)
– Industrial Properties: 5% to 10% of the ARV

Calculation of Annual Rental Value (ARV)

1. Location: Property location within Karachi, categorized from A to E, with A being the most prime location.
2. Property Type: Rented or self-occupied.
3. Land Area: Total land area in square yards.
4. Covered Area: Total covered area in square feet.

Additional Taxes

– Water and Sewerage Charges: 10% to 20% of the property tax
– Fire Tax: 1% to 2% of the property tax

Exemptions

– Charitable Institutions: Exempt from property tax
– Educational Institutions: Exempt from property tax, but may be required to pay a reduced rate

Payment and Filing

– Filing: Property tax returns must be filed annually with the KMC or SRB.
– Payment: Property tax payments can be made online, through banks, or at designated collection centers.

Please note that these rates and calculations are subject to change, and you should consult the relevant authorities or a tax professional for the most up-to-date information.