What is VAT Number / Tax Registration Number (TRN)?

A person must voluntarily register in the UAE VAT, if their annual revenue exceeds AED 187,500, and they must be registered if their annual revenue surpasses AED 375,000. A special number known as a Tax Registration Number (TRN) is given by the organization/person who has registered for VAT. A tax registration number basically refers to your VAT number or VAT registration number (TRN), which is how the government/vendor/customer can recognize or identify you. The Federal Tax Authority will be able to distinguish you from the others using this 15-digit number. Any organization which receives a tax identification number is called a Registrant. They are required to include the VAT number on Tax Invoices.

?How to get a VAT number?

1. Determine Your Eligibility:

Make sure your company fulfills the requirements for VAT registration in the UAE. In general, companies must register for VAT if their taxable supplies reach the necessary registration threshold (currently AED 375,000).

?2. Gather the necessary paperwork:

Prepare all the necessary paperwork, such as:

• The trade license and documents for business registration.
• Copies of the business owner(s) or other designated signatories' passports and Emirates IDs.
• The Memorandum of Association (MOA) of the company.
• Financial information.
• Audit reports and financial records, if any.

?3. Online Registration:

To start the VAT registration process, go to the website of the Federal Tax Authority (FTA) or the relevant Emirate's tax authority.

?4. Creation of e-Service Account:

You must first register an e-Service account with the Federal Tax Authority (FTA) in order to proceed with online VAT registration. A Federal Tax Authority (FTA) online account can be created in a manner that is relatively similar to that of other online accounts, such as Gmail, Yahoo, etc. The following are steps for creating an e-service account.

• Select Sign up, then enter your contact details on the sign-up form.
• A verification email will be sent.
• Log in to your account using your credentials (User Name and Password).

?5. VAT Registration Application:

The VAT registration application will open after you select 'Proceed'. There are 8 sections of the online VAT registration form where information must be entered in order to complete VAT registration.

?6. Submit Registration Form:

Fill out the online VAT registration form completely, including all necessary business information and supporting documentation.

?7. Require Approval:

The tax authority will review your application when you've submitted the registration form. You will get your VAT number if your application is approved without any problems.

?8. Notification of VAT Number:

Your VAT registration certificate and VAT number will be sent to your registered email address once it has been accepted.

After VAT Registering Completed follow Rules must be Practice in Order to Avoid Penalties

?1. Compliance:

Make sure your company complies with VAT laws, including timely filing of VAT returns and payment of any outstanding VAT.

?2. Display VAT Number:

According to VAT requirements, you must display your VAT number on invoices, paperwork, and at your place of business.

?3. Record Keeping:

For audit purposes, keep accurate records of all transactions, invoices, and pertinent documentation involving VAT.

?4. Regular Reporting:

Prepare and deliver VAT returns to the tax authority in accordance with the designated timeline. You must record your taxable purchases as well as your input and output taxes.

5. Comply with Regulations:

Maintaining compliance with the tax authorities requires staying up to date on UAE VAT laws and regulations.

Above article will help the Registrant to follow the rules and regulation defined By Fedral Tax Authority UAE.

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