How To Use GIBAN
To Make VAT Payment in UAE

GIBAN

The FTA has created a new form of paying tax: GIBAN, to make it easier for VAT-registered individuals to pay their taxes. This is in addition to the e-Dirham and credit card payment options that are already available. Let’s look at what GIBAN is and how to use it to pay VAT.

Every taxable individual under VAT will be assigned a GIBAN (Generated International Bank Account Number), which is a unique IBAN (International Bank Account Number). A taxable person can use the GIBAN to transfer funds from specific UAE financial institutions. Fund transfers between bank accounts will be processed more quickly if you use GIBAN.

Procedure for GIBAN

Procedure for obtaining a GIBAN for a taxable person

Based on the TRN, each taxable person will be assigned a GIBAN (Tax Registration Number). In the FTA e-Services portal, the GIBAN will be presented in the person’s dashboard.

Obligations

GIBAN can be used to pay back unpaid VAT and Excise taxes, as well as penalties.

As a result, the FTA has made it easier for taxpayers to pay their taxes by introducing the new GIBAN payment option. Taxpayers can avoid the 2-3 percent costs charged by credit cards by paying with GIBAN, which ensures timely transmission of funds to the FTA.

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How To Use GIBAN To Make VAT Payment in UAE