FAB serves the UAE's largest corporates and free-zone entities. Tag VAT PAYMENT FTA debits and SWIFT inflows before the FTA return.
Convert your FAB statementFirst Abu Dhabi Bank carries the largest concentration of mainland and free-zone corporate accounts in the UAE. For a tax preparer, FAB is often the primary current account, with secondary accounts at Emirates NBD or ADCB for retail payroll. Reconciling the FAB ledger first usually fixes 80% of the revenue side of the return.
The UAE has no personal income tax. The relevant taxes are 9% corporate tax on net profit above AED 375,000 (since June 2023) and 5% VAT on most goods and services (since January 2018). FAB statements show both: VAT-bearing supplier debits within the body, and quarterly VAT PAYMENT FTA debits as separate lines.
FAB issues an English-dominant PDF with DD/MM/YYYY dates. Multi-currency accounts (AED, USD, EUR) appear as separate ledgers in the same statement — important when revenue is invoiced in USD but recognised in AED. The peg at AED 3.6725 per USD means conversions are predictable, but FAB's printed FX rate still applies on the row.
FAB Islamic statements use Murabaha and Wakala terminology for finance lines instead of conventional interest. Kashfbank labels these as financing entries rather than 'interest charged' to keep the books accurate for the FTA. Pre-2017 entries from the FGB or NBAD legacy systems still occasionally surface; the header differs but the row data parses cleanly.
The FTA accepts the original FAB PDF as a source document but expects you to reconcile it against your accounting records. Pull revenue (SWIFT inflows, local UAEFTS credits), VAT-bearing supplier expenses, VAT remittances already paid, and any related-party transfers between group entities.
English-dominant PDF. Dates DD/MM/YYYY. Account summary panel at top (opening balance, total debits/credits, closing balance). Multi-currency lines show original currency + AED equivalent. Every transaction has a unique reference number. Pre-merger FGB or NBAD statement formats may appear in older archives — headers differ but column structure is consistent.
| Label | Meaning |
|---|---|
| POS PURCHASE | Card payment at merchant POS |
| ATM WITHDRAWAL | Cash withdrawal at ATM |
| SALARY TRANSFER | WPS salary credit from employer |
| SWIFT TRANSFER IN | International wire received |
| SWIFT TRANSFER OUT | International wire sent |
UAE corporate tax (9% above AED 375K, effective June 2023) requires businesses to reconcile bank deposits against revenue figures; statements are the primary source for revenue verification by the FTA.
Download the FAB PDF for the tax period
Open FAB Mobile or FAB Online, request a statement covering your full corporate tax period (Gregorian calendar year for most UAE entities). Upload the PDF to Kashfbank.
Confirm currency and Islamic vs. conventional
Verify AED as the base currency. If the account is with FAB Islamic, financing rows will be tagged as Murabaha or Wakala, not interest. Multi-currency sub-accounts become separate sheets in the export.
Filter by Category for the return
Sort the exported rows by Category to separate Revenue, Operating Expense, VAT Remittance, and Related-Party Transfer. Sum each bucket against your trial balance to spot reconciliation gaps.
Export to Excel or CSV
Download the file. The Date, Description, Debit, Credit, Balance, Category, Currency layout imports into Zoho Books UAE VAT edition, Xero, and most regional ERP systems without column remapping.
Common challenges
Does Kashfbank handle FAB Islamic statements differently from conventional FAB?
Yes. FAB Islamic rows use Murabaha, Wakala, and Ijara terminology that Kashfbank tags as financing entries, not interest charges. This keeps the categorisation accurate for both your accounting records and the FTA return.
Can Kashfbank tag VAT PAYMENT FTA lines separately?
Yes. FAB prints VAT remittances to the Federal Tax Authority with a distinct descriptor. Kashfbank places those rows in the Tax category, making it simple to net them against output VAT on quarterly returns.
My FAB account is multi-currency. How does the export look?
Each currency sub-account becomes its own sheet in the Excel output with its own running balance. The original currency, the AED-converted amount, and the printed FAB FX rate all stay on the row for reconciliation.
Will pre-2017 entries from the FGB or NBAD legacy migration cause issues?
No. Those entries have a different header layout than current FAB statements. Kashfbank handles both. Some legacy descriptors carry a merger-migration tag; the row's amount, date, and balance are preserved either way.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English