As per Lawkidunya, Tax rates on commercial properties in Lahore, Pakistan, are determined by the Excise & Taxation Department of Punjab. The tax rate is 5% of the annual value of the property, which is calculated based on the estimated rent the property would fetch if rented out for a year.

To calculate the annual value, you need to consider the following factors:
– Location: The property’s location within Lahore, categorized from A to G, with A being the most prime location.
– Property Type: Whether the property is rented or self-occupied.
– Land Area: The total land area of the property in square yards.
– Covered Area: The total covered area of the property in square feet.

Using the valuation table provided by the Excise & Taxation Department, you can calculate the annual value of your commercial property. For instance, if you have a 100 square yard shop on an “off road” commercial area that falls within Category B, the annual value would be calculated as follows:

– Land Area: 100 x 12.8 = 1,280
– Covered Area: 900 x 12.8 = 11,520
– Gross Annual Rental Value (GARV): (1,280 + 11,520) x 12 = 153,600
– Annual Rental Value (ARV): 153,600 – 15,360 = 138,240

The property tax due would be 5% of the annual rental value, which is:
– 0.05 x 138,240 = PKR 6,912

Keep in mind 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.