The world is moving toward innovation, and the majority of entrepreneurs have already established enterprises in the UAE. As a business person doing business in the United Arab Emirates, you must comply with the state’s tax rules and regulations by obtaining a tax registration number. From this article, you’ll learn the meaning of a TRN number, plus the procedure of finding one for a company in UAE.
What is a Tax Registration Number (TRN) in UAE?
TRN (Tax Registration/Identifying Number) is a unique number assigned to each business for identification purposes. To become a tax filer, you must first legally register your business, which will grant you a TRN number. What is a TRN number, though? An organization and a person have independent identities in the accounting world. The Federal Tax Authority will issue a 15-digit number as an identification for your business to officially present it to the government.
The ‘registrant’ is the entity to which the tax identification number UAE has been issued. Your tax ID number UAE will be used on a variety of government papers and will be assigned to you automatically once you register for VAT. The government will use it to track your transactions. The UAE tax identification number is made up of 15 numbers in the format 100-xxxx-xxxx-xxxx.
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Procedure of Finding a TRN Number for a Company in UAE
Finding a VAT TRN number for a company in the United Arab Emirates isn’t as complicated procedure as you may imagine. A TRN number check of a firm is mainly used to confirm the validity of VAT registration. If you intend to find out whether a business entity has a Tax Registration Number in the UAE, all that you need to do is search for the services of a tax representative in the UAE. A tax representative can help you in finding whether a business entity that you are about to deal with has a TRN number or not. With help from a tax agent, you’ll be in a good position to know whether to commence business with your potential firm or not.
Initially, this tool was put under tight restriction by the government of the United Arab Emirates. However, the federal government recently announced that those willing to find TRN for companies in the UAE can seek the services of third parties. With the help of a tax manager or agent, you can eliminate unnecessary delays of finding a TRN of a company in the United Arab Emirates.
