Business
Parkin Says VAT At Rate Of 5% Will Be Applied To All Parking Services Effective June 1
Parkin Says VAT At Rate Of 5% Will Be Applied To All Parking Services Effective June 1
About this update from Parkin Co. Pjsc
PARKIN COMPANY DFM:PARKIN:EFFECTIVE 1 JUNE 2026, VAT AT RATE OF 5% WILL BE APPLIED TO ALL PARKING SERVICESCONFIRMS THAT UNDERLYING PARKING TARIFFS REMAIN UNCHANGEDVAT FROM 1 JUNE 2026 IS NOT EXPECTED TO HAVE AN IMPACT ON FINANCIAL POSITION GOING FORWARDCONFIRMS THAT RETROSPECTIVE VAT AMOUNT FOR PERIOD FROM 1 FEB 2024 TO 31 MAY 2026 WILL BE FULLY REIMBURSED BY RTA