Notification from the Company

Parkin Company PJSC will apply a 5% Value Added Tax (VAT) to all parking services, including on-street and off-street parking, seasonal cards, and permits, effective 1 June 2026.
The company expects no impact on its financial position as underlying parking tariffs remain unchanged and VAT is collected on behalf of the Federal Tax Authority.
The Roads and Transport Authority (RTA) will fully reimburse Parkin for retrospective VAT covering the period from 1 February 2024 to 31 May 2026, resulting in no financial impact for that period.