Parkin Company DFM:PARKIN:
FOLLOWING DISCUSSIONS WITH REGULATORY AUTHORITIES, IT REASSESSED ITS VALUE ADDED TAX (“VAT”) TREATMENT
VAT AT RATE OF 5% APPLIED RETROSPECTIVELY TO PUBLIC PARKING AND SEASONAL CARD REVENUES FROM 1 FEBRUARY 2024
FILED A VOLUNTARY DISCLOSURE AND WILL PAY TOTAL OF ABOUT AED 78 MILLION TO FTA, UP TO AND INCLUDING 30 APRIL 2026
FULL AMOUNT TO BE PAID TO FTA WILL BE SUPPORTED AND REIMBURSED BY RTA