New UAE eDirham to be rolled out in November

  ABU DHABI – A new UAE eDirham will replace the existing eDirham as official payment system beginning on November 1, 2020, according to the Federal Tax Authority (FTA). The third generation eDirham system is used in payment and collection of government fees and revenues. The FTA said holders of the current eDirham can continue to use it until the end of October, following which it will be suspended and not available for use. The new generation of eDirham includes three cards with different benefits: The Hala Card is a card suitable for new customers who want to make one-time payments. No registration or documents are required, and the card can be topped-up with a balance of up to Dh500. The Gold Card is a prepaid card with multiple recharge options, suitable for regular payments and multiple transactions. This card requires registration to provide an additional level of security. The Premium Card is a customisable prepaid card that requires registration. It is suitable for individual and corporate customers with high balances without a maximum recharge limit. The FTA urged existing eDirham users to switch to the new version of the eDirham, which can be used for select payments beginning this week. The tax authority also called on Excise Tax Registrants to speed up the shift to the new eDirham system and ensure that any outstanding balance from the old version is consumed and settled before the cards cease working. Excise Tax registrants will be able to pay their tax obligations and complete their transactions easily by downloading the eDirham smart application, eDirham Instant Mubasher, on their smartphones without the need for bank cards. Registrants who have accounts with banks that are participating in providing the eDirham service only need to link their accounts to the application to complete their transactions. The FTA said that VAT registrants will be able to process their tax payments from the beginning of November through the new version of the eDirham. ICA/WAM/Expat Media
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