As per Lawkidunya, Tax rates on industrial properties in Islamabad, Pakistan, vary based on the type of property and its location. Here are some tax rates you should know:
– Commercial Properties in Blue Area: Rs32 per square foot for ground floors and Rs22 per square foot for basements.
– Residential Apartments: Rs26 per square foot.
– Private Hospitals: Rs22 per square foot.
– Petrol Pumps and CNG Stations: Rs180 per square yard.
– Marquees and Marriage Halls: Rs13 per square foot.
Additionally, property tax is levied on the annual value of buildings and land, at a rate of 5%. The tax can be deposited on or before September 30th with a 5% rebate, and a late payment surcharge of 1% per month applies if the tax is not paid on time.