The Federal Tax Authority (“FTA”) in the United Arab Emirates (“UAE”) has published its Value-Added Tax Law that comes into effect on 01 January 2018.
National Bank of Fujairah PJSC will be registered for VAT from the start of 2018. Our internal systems will be updated to ensure that VAT is charged, collected and deposited in accordance with the UAE VAT legislation. As per the new law, customers will be charged VAT as and when applicable, and NBF will be issuing tax invoices from 01 January 2018.