TRN registration services in the UAE from Atton Consulting

What is a taxpayer registration number and why is it needed

Value Added Tax (VAT) in the UAE is the only tax that must be paid currently in this country. The procedure for payment is regulated by the regulatory authority, registration as a payer in the UAE has its own characteristics. Calculation of tax, its payment and documentary evidence require a professional approach, namely, contacting experienced specialists who will free the company from the burden of studying tax legislation and communicating with the UAE tax authorities. We will help you get a TRN / VAT number and solve other issues related to taxes and company registration in the UAE.

Taxpayer Registration Number (TRN) is a special number assigned in the UAE to legal entities registered as VAT payers. The number is unique and consists of 15 characters. This allows regulatory authorities to identify taxpayers and receive information about their transactions. TRN, or TIN (taxpayer identification number) is assigned once to a legal entity, same for branches. Group of the companies, regardless of their number, will use a single tax number.

Registrant - this is the name of the entity to which the TRN is assigned, must indicate its tax number in documents assigned by the state, for example, in tax returns, tax invoices and other docs. Companies that have been assigned a TRN have the right to charge and refund VAT. Without a tax number, there is no value added tax to be applied.

In addition to the TRN, in some countries the Registration Reason Code is used - an identifier that is assigned to legal entities during registration and contains information on the basis for tax registration.

When you need a TRN/VAT number and TRN verification in Dubai?

VAT was introduced by law in the UAE in 2018. In the case of an annual turnover of less than AED 187,500, VAT is not required and, accordingly, a payer registration number is not assigned. If the amount of turnover is between 187,500 and 375,000 dirhams, registration is optional with the assignment of TIN. If the amount exceeds AED 375,000, registration of the payer and verification of Dubai TIN is required.

How to register a TIN/TIN in the UAE and ensure the TIN verification

The TRN is assigned and TRN verification UAE by the state regulator - the Federal Tax Authority UAE (FTA). To do this, on the FTA online portal, you must go through a step-by-step registration procedure and create an account there. The TRN is assigned automatically after registering as a VAT payer in Dubai.

An account is created on the service web portal page. This is a complex process that requires careful entry of information, while maintaining the reliability of the data, documentary evidence is required in many sections. Documents must be drawn up in accordance with the approved forms, with the current deadlines. In addition to the standard data on the address, name and type of activity of the registered company, a lot of other information will be required, including information about the company's management, turnover amounts for the year, bank details, the company's charter, and a declaration. The package of documents may include a customs letter.

To create an account in the FTA, taking into account all the nuances, it is best to use professional services. To do this, contact the consulting company Atton Consulting. We will issue an application for registration as a VAT payer in a short time, without problems and delays. Our specialists will check the documents of your company and enter the necessary information into your FTA account. This will help you avoid fines and other tax issues in the future.

Benefits of hiring a tax agent to check the TIN from Atton Consulting

Professional services of a tax agent (manager) in the UAE is an opportunity to quickly and easily resolve issues with registration as a taxpayer. Especially when it comes to business with an address outside the borders of the United Arab Emirates. Main advantages:

1. A tax agent usually has established connections with the Federal Tax Service, which means access to up-to-date information.
2. With the participation of a tax agent, registration as a VAT payer is simplified.
3. Checking of all information and approval by the Federal Service takes time. Thanks to the tax manager, you can get the TRN faster and avoid delays.
4. The tax agent can assist in the FTA TRN verification Dubai, also Abu Dhabi verification of TRN, VAT number verification UAE, which is necessary to confirm the tax status of companies.
5. If it is necessary to deregister the TRN, the participation of a tax agent simplifies these complex procedures.
6. The tax agent simultaneously acts as a tax consultant, which is important for the correct execution of documents and compliance with the law.

Atton Consulting: VAT reporting and UAE TRN verification in UAE as per the requirements

VAT returns are submitted quarterly. For companies with a turnover of more than 150 million dirhams - monthly. The last date for filing a VAT return will be the 28th day of the month following the end of the tax period. For quarterly VAT returns, the due date will be the 28th of the month following the end of the quarter. Atton Consulting will provide TRN verification, your declarations will be submitted on time and in full compliance with the requirements of the law.

Documents required from you so that we can register your VAT number

Pay attention to the requirements, if necessary, Atton Consulting specialists will prepare all the additional documents for your company.

How to use the services of a tax agent

A highly qualified tax agent is required for companies that need to register as a VAT payer in the United Arab Emirates. Agent services are an opportunity to go through a simplified registration procedure with the FTA and are guaranteed not to have problems with taxation in the future. Individuals who need to obtain a taxpayer registration number or tax advice can also apply to the assistance of a tax agent.

The performance of the functions of a tax officer by an outsourced manager frees the business from the burden of tracking the updating of tax legislation and removes the risks associated with the fulfillment of tax obligations. Atton Consulting has team of experienced managers who will provide professional support to your business in accordance with the current UAE tax legislation. Hiring professional from Atton Consulting will allow your business to:

• avoid the difficulties associated with the English-Arabic translation of documents (certificate, identity card, ID and others) and understanding the requirements of the regulator;
• be aware of the latest changes in tax legislation;
• get rid of the costs of eliminating violations of the requirements of the tax authority - this is no longer necessary;
• have the representative in the authorities, in particular, in the FTA;
• seek competent tax advice at any time;
• timely submit the necessary tax documents at the request of the FTA and other agencies;
• optimize tax planning;
• resolve issues with tax legislation regardless of the location of the business - Abu Dhabi, Sharjah, Dubai or any other emirate, local territories or free economic zones.

Experts from Atton Consulting are the successful solution to any issues of your business in the tax field of the UAE.

Fines

If a taxable entity fails to pay VAT, it will be subject to a penalty of 2% of the unpaid tax - the amount is payable immediately. Another 4% is due on the seventh day after the end of the payment period. A daily penalty of 1% will be charged on any amount that remains unpaid one calendar month after the payment deadline, up to a maximum of 300%.

FAQ

h3 Can an individual register for a VAT number and be required to file VAT?

You should apply for VAT registration if your 12-month turnover is likely to exceed the threshold within the next 30 days. This threshold applies whether you are a sole trader (individual), or running a limited company. Accordingly, an individual who is not required to pay VAT does not submit a declaration.

Does the manager of the company need to be a UAE resident in order for the company to register a VAT number?

The manager must not be a resident of the UAE. If he is a resident of the UAE, then in order to register a company for TRN, you will need to enter your Emirates ID information and upload a scanned copy of it.

What if the company is a VAT payer, but is not registered for it and does not file VAT returns?

In this case, the regulatory authorities have the right to resort to fines, which inevitably increases the reputational and other risks of the company and may lead to the loss of a license and hefty amounts to be paid.

What is exempt from VAT?

VAT exemptions in UAE are given for certain financial services, residential building, and supply of bare land, and so on. However, to consider supply as exempted from the VAT, the specific conditions mentioned in the UAE VAT Act and Executive Regulations need to be fulfilled.

What is a VAT registration certificate and how to get it?

After registering your VAT number, the registration certificate with the assigned VAT number is issued and Atton Consulting specialists provide it to you. It serves as a certificate of registration of the payer.

How long does it take to get a VAT number?

The average time required to obtain a VAT number is about 4 weeks, it may vary depending on the completeness and compliance of the information provided by the company. Atton Consulting specialists will do everything to ensure that the registration takes place as soon as possible.

What is the standard VAT rate in the UAE?

The VAT rate in the UAE is 5%.

Why do I need to issue pro forma invoices and then taxable invoices?

This is necessary so that the amount of VAT is taken into account after receiving funds from the account for reference to the same period. If the company has issued an invoice, but has not yet received funds in its account, the invoice amount must be taken into account as the amount due for VAT in the relevant period. But if the amount due is issued in the form of a proforma invoice, this document is not yet a taxable invoice, then you do not need to pay VAT yet. After receiving the funds, the company issues a taxable invoice, which is included in the relevant reporting period.

Should a property owner register as a VAT payer?

If a resident individual owns commercial real estate, namely, office space that is rented out, and the income from this particular type of business activity exceeds AED 375,000, only in this case, an individual can register as a VAT payer. In all other cases, no tax number is assigned.

What is the difference between VAT and sales tax?

Sales tax is also a consumption tax, like VAT. Typically, sales tax is levied only on transactions in goods. In addition, sales tax is levied only on the final sale to the consumer. This is its main difference from VAT, which is levied on goods and services along the entire supply chain, including purchase by the end consumer.

How can Atton Consulting help me?

We help to use all the possibilities of international tax planning. Our services also include company registration, licensing, corporate structuring and restructuring, risk management, project management, crisis management, organizational change management, strategic management and other types of corporate consulting.

Why is TRN required to register as a payer?

TRN is a unique VAT payer that an organization receives when registering with the UAE FTA. It helps to identify the company and collect and analyze data about it.