Starting June 1, a 5 per cent Value Added Tax (VAT) will be applied to parking services provided by Parkin and toll tariff and activation fees under Salik.
The announcement was made following coordination with relevant government authorities and applicable UAE tax regulations.
Both transport providers further noted that the VAT amounts collected will be remitted to the Federal Tax Authority (FTA), with no financial impact on either company.
Parkin stated that VAT will be applied to on-street and off-street parking, seasonal cards, permits, and reservations.
The parking service provider also revealed that cash payments at parking meters will also be phased out from June 1, with payment through the nol card still available.
Parkin advised consumers to use its official mobile application to avoid additional costs associated with SMS payments.
In coordination with relevant government authorities and applicable UAE tax regulations, from 1 June, VAT at 5% will be applied to all parking services provided by Parkin, which includes on-street and off-street parking, seasonal cards, permits and reservations.To support a… pic.twitter.com/JSvDYWtOFk
Starting from 1 June 2026, a 5% Value Added Tax (VAT) will apply on toll fees and Salik tag activation fees. The VAT amounts collected will be remitted to the Federal Tax Authority (“FTA”) in accordance with the applicable laws and regulations in the United ArabEmirates. pic.twitter.com/7d5T0teNfv
Senior US and Chinese officials began talks in New York on Sunday aimed at preparing potential agreements ahead of a summit between President Donald Trump and Chinese President Xi Jinping this week.
The Mohammed bin Rashid Leadership Forum will bring together 1,000 government and private-sector leaders at Dubai World Trade Centre on Wednesday.
A logistics corridor linking Sharjah and Oman handled around AED 1.7 billion worth of cargo during its first three months of operation.
Berkshire Hathaway said on Friday that Warren Buffett will step down as chairman and become chairman emeritus, effective immediately, nine months after handing the CEO reins to longtime lieutenant Greg Abel.
As many as 75,000 people have visited the UAE under the 'Dubai Invite' campaign, which targeted non-residents with rewards of up to AED 3,000 in hotel stays, dining deals, and more.
The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
