As a business operating in the UAE, obtaining a Tax Registration Number (TRN) is crucial for complying with VAT and other tax regulations. Here’s a detailed, step-by-step guide on how to get your TRN in the UAE, including eligibility requirements, the application process, and necessary documentation.
Eligibility for VAT Registration in UAE
1. Mandatory Registration:
- Businesses with an annual turnover exceeding AED 375,000 must register for VAT.
- Companies expecting their revenue to surpass this threshold within the next 30 days also need to register.
2. Voluntary Registration:
- Businesses with an annual turnover between AED 187,500 and AED 375,000 can choose to register voluntarily.
Steps to Obtain a Tax Registration Number (TRN)
1. Create an Account on EmaraTax Portal:
- Visit the Federal Tax Authority (FTA) website and create an account on the EmaraTax portal using your UAE Pass.
- Verify your email and log in to your account.
2. Complete the VAT Registration Form:
- From the user dashboard, select the VAT Registration option.
- Ensure you meet the eligibility criteria and have all necessary documentation ready.
- Fill in the application form accurately, providing details about your business.
3. Required Documentation:
- Trade license copy of the business
- Passport copies and Emirates IDs of business owners/partners
- Company’s Memorandum of Association
- Contact details and physical address of the business
- Bank details of the company
- Income statement for the past 12 months
4. Submit the Application:
- Review the completed form and attached documents.
- Submit the application through the EmaraTax portal.
5. Approval and TRN Issuance:
- The FTA will review your application. This process typically takes around 20 business days.
- Upon approval, you will receive your VAT certificate, which includes your TRN.
- Importance of TRN
- Having a TRN is essential for legal compliance. It allows businesses to:
- Charge VAT on taxable supplies
- File VAT returns
- Issue tax invoices
- Claim input tax credits
- Avoiding Penalties
- Failure to register for VAT when required can result in substantial penalties. Businesses must ensure they register on time to avoid fines and stay compliant with UAE tax laws.
- Contact AEY Accounting for Assistance
- Navigating the VAT registration process can be complex. AEY Accounting provides comprehensive tax registration and consultancy services in the UAE. Our experienced professionals can guide you through each step, ensuring timely and accurate submission of your VAT application.
- For further assistance, reach out to AEY Accounting today and ensure your business remains compliant with all UAE tax regulations.
