Parkin Co. PjscDFM: PARKIN

Parkin Says VAT At Rate Of 5% Will Be Applied To All Parking Services Effective June 1

· Issued by Parkin Co. PJSC

PARKIN COMPANY DFM:PARKIN:

  • EFFECTIVE 1 JUNE 2026, VAT AT RATE OF 5% WILL BE APPLIED TO ALL PARKING SERVICES

  • CONFIRMS THAT UNDERLYING PARKING TARIFFS REMAIN UNCHANGED

  • VAT FROM 1 JUNE 2026 IS NOT EXPECTED TO HAVE AN IMPACT ON FINANCIAL POSITION GOING FORWARD

  • CONFIRMS THAT RETROSPECTIVE VAT AMOUNT FOR PERIOD FROM 1 FEB 2024 TO 31 MAY 2026 WILL BE FULLY REIMBURSED BY RTA

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