TRN Registration in UAE
What is TRN in UAE?
Importance of TRN
Under UAE VAT laws, the taxable person with TRN can only charge VAT on invoices. Accordingly, they must mention the valid TRN on all invoices. Further, the 15-digit trn separates the registered and unregistered businesses.
UAE VAT Law mandates businesses to quote TRN on all tax-related documents, such as:
- Tax invoice
- Credit notes
- VAT returns
- Other documents specified under UAE VAT
Eligibility Criteria for VAT Registration and to Get TRN in UAE
Every firm operating in the UAE must abide by state laws, including VAT regulations, to be eligible for VAT registration and get a Tax Registration Number (TRN). Additionally, the business must fulfill the following revenue requirements:
- Voluntary Registration Requirements for VAT and TRN in the UAE:
- The threshold for voluntary registration for VAT and TRN is 187,500 AED.
- If a company’s turnover is greater than 187,000 AED but less than 375,000 AED, it might choose to register for VAT.
- Businesses with annual revenue under 187,500 AED don’t need to register for VAT.
- Mandatory Registration Requirements for TRN in the UAE:
- The mandatory trn registration threshold is roughly 375,000 AED.
- A company must register for Value Added Tax (VAT) if its revenue is expected to exceed this cap in the future month or has already done so in the previous 12 months to avoid paying substantial fines and penalties.
Documents required to obtain TRN
To get a TRN number for your company in the UAE, you must submit the necessary documents to the relevant department. You can get help from AHG, a renowned and skilled tax consulting expert, to get the TRN number. We quicken trn registration by streamlining the procedure and making it simpler. The following is a list of possible supporting documents you may have to provide:
- Company’s MoA
- Company’s trade license
- Import or export declarations
- Company Bank Account Details
- Company’s turnover declaration letter
- Company’s contact details and address
- Emirates IDs of the shareholder/manager
- Passport copies of the shareholder/manager
- Last Year’s income statement and bank details
- Sample invoices from the suppliers and customers
How to Verify TRN Number?
The Federal Tax Authority’s online platform now offers businesses and individuals in the UAE the ability to register and validate their TRN numbers. However, professional tax consultants like AHG can also help with TRN number verification in the UAE.
To verify your TRN number in the United Arab Emirates, perform the following steps:
-Visit the FTA’s EmaraTax portal.
-Locate & Click the “TRN Verification” option from the menu on the right side of the page.
-In the space provided, enter your TRN number.
-Type the code shown in the image
-Click submit to see the verification status of your trn
What happens if I don’t verify the TRN while paying an Invoice?
The input tax paid on purchase can go to the wrong hands, and you may be unable to claim the Input Tax Credit (ITC). Hence, it is always advisable to do VAT Verification.
HOW LONG DOES IT TAKE TO GET TRN NUMBER?
No matter what industry you’re in, the business transaction needs TRN number.
Your submitted VAT registration form and document are reviewed.
It takes 21 working days after the approval of your information to get a trn
AHG, Top Audit and Chartered Accountants firm in UAE. Corporate Tax is to be withheld from State Sourced Income of UAE businesses in accordance with Article 45 of this Decree-Law