Salik Completes Review Of Its Value Added Tax Treatment

About this update from Salik Company Pjsc

Salik DFM:SALIK:COMPLETED A REVIEW OF ITS VALUE ADDED TAX ('VAT') TREATMENTVAT AT RATE OF 5% APPLIED RETROSPECTIVELY TO TOLL REVENUE AND ITS ASSOCIATED CHARGES, COVERING PERIOD FROM 1 JULY 2022 TO MARCH 2026AS A RESULT, DUES TO BE SETTLED WILL REACH ABOUT AED 471 MILLION TO FEDERAL TAX AUTHORITYCONFIRMS THAT TOTAL RETROSPECTIVE VAT AMOUNT DUE FOR SETTLEMENT WILL BE REIMBURSED RTA

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