Understanding VAT: What you need to know

Since 01 January 2018, the UAE Government has introduced Value Added Tax (VAT) at the rate of 5%, which is applicable to the sale of goods and provision of services in the UAE.

alt text

Our Tax Registration Number

Happy to help

Thank you for choosing us as your banking partner.
We are committed to providing you with the best services at all times.


Bank on the go anytime, anywhere

Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.

App Store