– 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
With VAT being implemented in the UAE in less than 5 weeks, on the 1st January 2018, PwC is pleased to invite you to this webcast where we will provide you with an overview of the UAE VAT Regulations and highlight the key points and possible gaps between these Regulations and the businesses’ general expectation. Read More »
Khaled Al Bustani, director general of the Federal Tax Authority, says VAT will start as planned on Jan 1 2018
The UAE is fully committed to introducing VAT on January 1 despite calls for it to be put back by a senior banker, it was announced on Wednesday.Read More »
I would like to inform you about the following changes regarding the deadline of the registration:
The registration portal will open from 28th August after which point you have a few months to register ahead of VAT launch in January 2018. Read More »
On 31 July 2017, the President of the United Arab Emirates – His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the new Tax Procedures Law (Federal Law No. 7 of 2017) (“TPL”). The TPL sets out the foundations for the impending UAE tax regime and aims to regulate taxpayer rights and obligations, administration and collection of taxes, and defines the role of the Federal Tax Authority (FTA). The TPL will come into force 30 days from the date of its publication.Read More »
UAE government has made some progress in the process of introducing VAT in the country by 2018.
According to a recent Statement by the UAE Ministry of Finance officials, the registration thresholds under consideration are as follows:
Read More »
The UAE Ministry of Finance has conducted feasibility studies on the implementation of a VAT draft law. These studies on taxation and its social and economic implications were conducted for the following years: 2008, 2010, 2012 and 2014. The studies analysed the impact of taxes on the growth of the regional economy and on the UAE’s global competitiveness. Read More »