UAE Exchange, a leading money transfer, foreign exchange and payment solutions brand in the country, has started accepting Value Added Tax (VAT) payments on behalf of the Federal Tax Authority (FTA).

All entities registered with the FTA who have a valid Tax Registration Number (TRN) and a GIBAN account number can now make their VAT payments in any of the 150 UAE Exchange branches spread across the seven emirates, a company statement said.

Abdel Kareem Alkayed, country head for UAE Exchange-UAE said: “We are pleased to partner with the Federal Tax Authority and offer businesses in the UAE a stress-free offline payment solution for their VAT obligations. Through our vast network of strategically-located branches, including 18 in Dubai metro stations, customers can settle their payments on any convenient day.” – TradeArabia News Service