VAT will be applicable to most goods and services supplied in UAE by any person or business at the rate of 5% except where the supply is specifically zero-rated or exempt under the VAT Law.
In accordance with the law, Habib Bank AG Zurich (HBZ) will impose VAT at prevailing rates on all taxable services. For more information on the VAT law, you may please visit www.tax.gov.ae. *
VAT Registration
Further, all companies/individuals must register for VAT by the dates specified by the Federal Tax Authority as stipulated under the VAT Law.
In line with the VAT implementation in UAE starting from 1st January 2018, HBZ has the facility to update your Tax Registration Number (TRN) in the system, which is needed for the VAT payment or refund.
Incase you want HBZ to update the TRN in your account, kindly fill out this form and submit it along with the TRN certificate through the below channels:
By logging in to your account at the HBZ web portal www.habibbank.com.
By emailing the required information to [email protected]. –
By submitting the required documents to any of our branches.