Today's Edition
ABU DHABI (ALETIHAD)
Parkin has announced that a 5% Value Added Tax (VAT) will be applied to all its parking services starting from June 1, 2026, in line with applicable UAE tax regulations and in coordination with relevant government authorities.
A statement issued by the company, on Friday, said the move aligns with federal tax requirements and forms part of broader regulatory compliance measures.
The VAT will cover all services provided by Parkin, including on-street and off-street parking, seasonal parking cards, permits and reservations.
Parkin also announced that cashless payment at parking meters will be phased out from June 1, 2026, in line with Dubai's cashless strategy, while payment by nol card will remain available.
Parkin urged customers to follow its official communication channels for the latest updates and guidance during the transition period to ensure a smooth implementation of the revised pricing structure.
