– A GIBAN is a unique IBAN number that is given to every taxable person.
– A taxable person can make a fund transfer from certain UAE financial institutions using the GIBAN provided by the FTA.
– This payment method can be used for settling any outstanding VAT and Excise Tax amounts payable including tax and penalties.
– This option should not be used for other payments such as Miscellaneous Payments.
for more details please click HERE.
Bildquelle: Makrodepecher / pixelio.de
In brief
The Value Added Tax (VAT) law was published in KSA’s official gazette (UM AL-QURA) in its issue number 4681 dated 28 July 2017.
The VAT law indicates that VAT will enter into force from the start of the fiscal year following the date of its publication in the official Gazette, i.e. 1/1/2018. Read More »
Referring to my post dated 1 February 2017 regarding “Hungary – changes in 2017” I would like to inform you about the updates related to the online data provision and the threshold for the domestic recapitulative statement.Read More »
PwC Switzerland ITX
Michaela Merz 