NOTICE: CLARIFICATION ON VALUE ADDED TAX
	
	
	
	Our existing and prospective customers,
	
	
	From  1st  January  2018,  to  comply  with  Executive  Regulations  of  the 
	Federal Decree-Law No. (8) of 2017 (Decree-Law) on Value Added Tax (VAT) and
	Central Bank of the UAE Notice No. 421/2017, Habib Bank AG Zurich (HBZ) will
	not  be  increasing  the   existing  fees  structure   for   individual  and
	non-individual customers as a result of VAT since 1 January 2018.   However,
	where applicable,  we reserve the right to levy VAT over  and above existing 
	fees structure in future, if permitted by CB, effective 1 January 2018.
	
	
	We value the relationship  with  our customers and your continued  patronage
	would assist us in complying with VAT Regulations.