A Complete Guide About TRN Verification Dubai

As a country that has delved into the world of taxes, TRN Verification in Dubai is more important now than ever.

Much like a vast majority of countries in the world, the UAE imposed taxes on day-to-day goods and services. This change was brought about on the 1st of January 2018, as a means of diversifying sources of income. Since the UAE relies heavily on oil, the Value Added Tax was levied to move away from this dependency.

As per the Federal Tax Authority’s website, the introduction of VAT and other excise taxes aims to bring in revenue through different means. This is being done to ensure government departments can maintain the standards set and deliver excellent amenities and quality of life to the coming generations. These initiatives were also introduced as a means of correcting behaviors that are proven to be detrimental to society. Excise taxes that have been imposed on products that are harmful to the health of those residing in the UAE is one such example. These products are carbonated drinks, energy drinks, and tobacco, among others.

With the coming of the VAT, came the need for tax registration numbers and their verification. For those unfamiliar with TRN Verification in Dubai, let us start with the basics.

What is a Tax Registration Number?

TRN is a unique number allotted to all those registered with the Federal Tax Authority in the UAE for the VAT. Issued directly by the FTA, the idea of this 15-digit number is to differentiate one registered business from another. So, if you have a business setup in Dubai, having a TRN would be quite beneficial for you.

Your TRN is automatically allotted to you once you complete your company’s VAT registration, and it has been accepted. Once you register for VAT, you will also be provided with a VAT certificate, and with this, you may charge your taxes on your sales as well.

TRN Verification Dubai

Importance of a Tax Registration Number

  • A TRN comes in use to be able to communicate between sellers and consumers when completing invoices or other documents related to paperwork.
  • As a consumer, if you are looking to claim back the tax paid on the purchase of goods and services, TRNs come in handy in this regard as well.
  • It is also useful if you would like to refund any taxes paid on water and electricity bills paid on a commercial property.
  • It provides a sense of legality and authority to your business.
  • Once registered for the VAT, your business may avail of several tax benefits as well as claim several others.

Process of Registering a TRN Number

For those wanting to enjoy the benefits that come with VAT registration, it is crucial to register with the Federal Tax Authority first. Here is how you can complete the process:

  • First, sign up or log in to the Federal Tax Authority’s e-services portal.
  • Next, click on ‘register for VAT.’ You will be directed to a page that presents a step-by-step process where you will be required to fill in details regarding yourself as well as your business.

This section will also delve into details such as your banking information, business relationships, customs information, and annual turnover.

  • Once filled, you will have to agree to the declaration. This is done by verifying all details provided to FTA are accurate.
  • Finally, once your application has been accepted by the FTA, you will officially be issued a tax registration number.

Documents Required to Register for a TRN?

The FTA requires the submission of several documents related to your business and those involved. These are:

  • Copy of trade license
  • Passport/ Emirates ID of the signatory
  • Monthly turnover declaration signed by the authorized signatory on the company’s letterhead
  • Financial documents such as involved, purchase orders, and lease agreements.
  • Memorandum of Association
  • The registered address of the company

TRN Verification Dubai

How does TRN Verification in Dubai Work?

A business setup that is registered with the Federal Tax Authority is one that can charge taxes. TRN Verification in Dubai is crucial to ensure the establishment charging VAT is officially registered with the Federal Tax Authority and that their TRN is valid.

Here are the steps you can use for TRN Verification in Dubai

  • Firstly, you will be required to visit the TRN verification webpage – https://eservices.tax.gov.ae/
  • Mention the TRN number of the business as well as the security code
  • Click ‘validate’
  • Upon validation, if the business has been registered, you will be shown the business’ registered in English and Arabic.

You may hire our business setup consultants to guide you better with regard to TRNs and their verification. Our consultants are well-versed and up-to-date with these key features. Get in touch for more!