The methods of paying VAT dues, penalty, interest, etc are explained which is Domestic Transfer within UAE and International Transfer(If the Bank is a member of SWIFT)
GIBAN(Generated International Bank Account Number) is a special international bank account number issued by Federal Tax Authority(FTA) for each tax registrant.
Provide the bank or exchange the relevant GIBAN number along with the amount to be paid to FTA with regard to VAT Outstanding, interest, or penalty.
Step 1: Log on to your internet banking(e-banking) and then add the ‘Federal Tax Authority’ as a beneficiary using GIBAN
Step 2: Go to Payments/Transfer Fund tab
Step 3: Enter the amount you wish to pay and complete the transaction
Business Registered in the Tax System Called to Benefit from Streamlined Procedure to Pay Taxes via UAE Fund Transfer System (UAEFTS) Using their GIBAN
The following are the guidelines to make VAT payment from abroad:
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