As per Lawkidunya, Tax rates on commercial properties in Islamabad, Pakistan, vary based on factors like property value, location, and taxpayer status.

– Property Tax Rates: In Islamabad, the tax rate is levied by the provincial government, which varies from 5% to 25% of the annual value, depending on the province.

– Annual Value Calculation: The annual value is calculated based on the estimated rent the property would fetch if rented out for a year. This value is then taxed at the applicable rate.

– Commercial Property Valuation Table: The Excise & Taxation (E&T) Departments of the provincial governments draft valuation tables to calculate the annual value. These tables provide different rates for ‘Main’ and ‘Off’ properties within a category, depending on the location.

– Tax Rates for Filers and Non-Filers: For the fiscal year 2024-25, the tax rate proposed for filers is 3%, while non-filers will be taxed at 10.5%.

To determine the exact tax rate on a commercial property in Islamabad, it’s essential to consult the relevant authorities or a tax professional, as rates may vary depending on specific circumstances.