Dubai, 22 May, 2026: Parkin Company PJSC (“Parkin” or the “Company”), the largest provider of paid public parking facilities and services in Dubai, and in coordination with relevant government authorities and applicable UAE tax regulations, will proceed to apply a 5% Value Added Tax (VAT) to its parking tariffs starting 1 June 2026, ensuring full compliance and transparency across all services.

What is changing: From 1 June, VAT at 5% will be applied to all parking services provided by the Company, which includes on-street and off-street parking, seasonal cards, permits and reservations.

Ahead of implementation, and to support a well-managed transition, customers are encouraged to refer to Parkin’s official communication channels for up-to-date information, including the VAT application. These resources will be available on the Parkin app and website, as well as across Parkin’s customer experience center and social media channels.

In line with the government of Dubai’s Cashless Strategy for 2026, cash payments at parking meters will be phased out effective 1 June, while payment by nol card will remain available. As part of this broader transition toward digital payments, customers are encouraged to download and use the Parkin mobile application. The app provides a convenient and seamless payment experience, while helping customers avoid additional costs associated with SMS payments.

As a key partner in Dubai’s growth and long-term mobility ambitions, Parkin remains committed to transparency and delivering best-in-class parking solutions for residents and visitors. The Company continues to ensure its services are fully aligned with applicable regulatory requirements while supporting the city’s evolving transportation landscape.