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HomeBanksAbu Dhabi Commercial Bank (ADCB)Tax Preparation
United Arab Emirates

Convert Your ADCB Statement for UAE Tax Filing

ADCB serves Abu Dhabi SMEs and retail. Tag VAT debits, distinguish TouchPoints cashback from revenue, and reconcile bilingual rows before the FTA return.

Convert your ADCB statement

Why ADCB statements matter for UAE tax prep

Abu Dhabi Commercial Bank holds a large share of the UAE SME segment and a heavy retail base. For accountants preparing UAE corporate tax and VAT returns, ADCB statements often carry the bulk of operational transactions: supplier payments, payroll outflows, client receipts, and quarterly VAT remittances. Reconciling the ADCB ledger first usually closes most of the trial balance against bank gap.

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). ADCB statements show VAT-bearing supplier debits within the body and quarterly VAT PAYMENT FTA debits as distinct lines.

How ADCB statements look for tax work

ADCB issues a bilingual Arabic/English PDF with DD/MM/YYYY dates. Descriptors include channel codes — POS-TRX-, ATM-WD-, IB- for internet banking transfers. Inbound SWIFT wires arrive with sender BIC and original currency. The 2019 absorption of Union National Bank and Al Hilal Bank means some older accounts surface UNB or Al Hilal legacy descriptors in the migration header — Kashfbank reads both formats.

ADCB TouchPoints cashback prints as 'ADCB CASHBACK CREDIT' and is not revenue under UAE corporate tax. Kashfbank tags it as a rebate so it does not inflate the income figure. Output VAT collected on customer invoices appears as a credit; input VAT paid on supplier invoices appears as part of a single debit. The export keeps these split correctly when the bank prints them explicitly.

What to extract for the UAE corporate tax return

Pull revenue (inbound SWIFT, UAEFTS credits), VAT-bearing supplier debits, VAT remittances already paid, related-party transfers, and TouchPoints rebates. Reconcile against your trial balance and your VAT return for the same period.

  • All inbound SWIFT and UAEFTS credits with original currency and AED
  • VAT-bearing supplier debits for input tax credit recovery
  • VAT PAYMENT FTA quarterly debits for output VAT netting
  • TouchPoints CASHBACK CREDIT rows tagged as rebate
  • ADCB Islamic Murabaha or Wakala rows booked as financing

Abu Dhabi Commercial Bank (ADCB) statement format

English-dominant PDF with bilingual headers. Dates in DD/MM/YYYY. Clean tabular layout: transaction date, value date, description, debit, credit, balance. IBAN displayed in statement header. Interest/fee lines clearly separated. Some older accounts may show statement layout inherited from Union National Bank merger.

LabelMeaning
POS PURCHASECard payment at point-of-sale terminal
ATM CASH WITHDRAWALCash dispensed at ATM
SALARYMonthly salary credit via WPS
LOAN INSTALMENTMonthly EMI deduction for personal or auto loan
SALIK RECHARGETop-up of Dubai Salik road toll account

United Arab Emirates specifics for this use case

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.

How to do it — step by step

1

Download ADCB PDF for the tax period

Open ADCB Mobile Banking or ADCB Personal Internet Banking, request a statement covering the full corporate tax period. Upload to Kashfbank.

2

Confirm currency and account type

Verify AED as the base currency. Check whether the account is ADCB conventional or ADCB Islamic — financing rows tag differently. UNB or Al Hilal legacy entries from the 2019 absorption are parsed as ADCB.

3

Filter by Category for the return

Sort the export by Category. Revenue, Operating Expense, VAT Remittance, Related-Party Transfer, and Rebate each get their own subtotal. Verify against your trial balance.

4

Export to Excel or CSV

Download the file. The Date, Description, Debit, Credit, Balance, Category, Currency layout imports into Zoho Books UAE VAT edition and Xero without column remapping.

Common challenges

  • •Fiscal year mismatch: Saudi Hijri vs. Gregorian calendar in statements from the same bank
  • •Pre/post-VAT transaction splitting (UAE pre-June 2023 vs. after for corporate tax)
  • •Scanned statements from older accounts where OCR confidence drops on faded print
  • •Multi-entity accounts where personal and company transactions share one IBAN

Frequently asked questions

Does Kashfbank treat ADCB TouchPoints cashback as taxable revenue?

No. ADCB CASHBACK CREDIT rows are tagged as Rebate. They appear in the export but are not added to revenue. Under UAE corporate tax, loyalty rebates do not constitute taxable income.

Can Kashfbank tag VAT PAYMENT FTA rows separately?

Yes. ADCB prints VAT remittances to the Federal Tax Authority with a distinct descriptor. Kashfbank places those rows in the Tax category for quarterly netting against output VAT.

How does Kashfbank handle ADCB Islamic vs. conventional?

ADCB operates an Islamic window. Financing rows on Islamic accounts use Murabaha and Wakala terminology that Kashfbank tags as financing entries, not interest charges. Conventional ADCB shows interest-charged rows tagged as such.

My ADCB account predates the 2019 UNB or Al Hilal absorption. Will those entries read?

Yes. Migration entries from Union National Bank or Al Hilal Bank carry a legacy descriptor that Kashfbank parses. The row's amount, date, and balance are preserved, so opening balance tie-outs across the migration date still work.

Other use cases for Abu Dhabi Commercial Bank (ADCB)

Freelancers

Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.

Loan Applications

Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.

Mortgage Applications

Prepare 6–12 months of verified, structured bank statement data for mortgage underwriting — covering down payment seasoning, income stability, and GCC real estate requirements.

Abu Dhabi Commercial Bank (ADCB) overviewUnited Arab Emirates banks guide

Convert Abu Dhabi Commercial Bank (ADCB) Statement

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Regulatory context

Regulator: Central Bank of the UAE (CBUAE)

Fiscal year: Jan 1 – Dec 31 (Gregorian)

Full country guide →

Statement info

AEDUSD

Statement language: English

Kashfbank

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العربيةEnglish

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