Adv Ch Shahid Bhalli

Tax Rates on Industrial Properties in Karachi Pakistan

As per Lawkidunya, In Karachi, Pakistan, industrial property tax rates are determined by the Karachi Metropolitan Corporation (KMC) and the Sindh government. Here are the tax rates:

Tax Rates on Industrial Properties

– Industrial Properties: 25% of the annual rental value (ARV)
– Commercial Properties: 25% of the ARV
– Residential Properties: 10% to 20% of the ARV

Zone-Based Tax Rates on Industrial Properties

Karachi is divided into different zones, each with its own tax rate:
– Zone A: Rs. 0.60 per square foot (industrial), Rs. 1.20 per square foot (commercial)
– Zone B: Rs. 0.40 per square foot (industrial), Rs. 0.80 per square foot (commercial)
– Zone C: Rs. 0.25 per square foot (industrial), Rs. 0.50 per square foot (commercial)

Additional Taxes on Industrial Properties

– Water and Sewerage Tax: 10% to 20% of the property tax
– Fire Tax: 5% to 10% of the property tax

Please note that these tax rates are subject to change, and you should consult the official website of the Karachi Metropolitan Corporation (KMC) or contact a tax professional for the most up-to-date information.

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