How to Check TRN Validity in UAE
TRN Verification has become quite prominent in the UAE, considering it might save a business from losses due to bad input credit invoices.
What is TRN?
Tax Registration Number (TRN) verification, also known as Value Added Tax (VAT) verification, is a vital requirement for registered businesses as it protects the company from losing input tax credit as well as governments against revenue loss due to tax-related fraud issues. A company’s TRN number, which is issued by the Federal Tax Authority (FTA) that is responsible for tax collection and administration in the UAE, is a unique 15-digit number that registers the business for VAT in the country and distinguishes it from other companies.
What you need to know is that the TRN enables easy communication between the supplier and purchaser of the products or services available, given that it should be mentioned on every invoice issued as well as other tax-related documents that require the specification of a TRN as per the UAE VAT law. Every company in the UAE must have comprehensive knowledge of the TRN verification procedure which is facilitated by the FTA through an online portal. After creating an e-service and filling in a registration form, the company obtains a TRN that can be verified through the FTA portal, displaying the legal name of the company in both English and Arabic if the TRN is not fake.
TRN verification and other tax-related issues and procedures can be challenging for new businesses, which is why some companies hire a tax agent, or a trustee of the FTA, in the UAE to assist in providing client-based VAT solutions and facilitate registration and verification procedures. Such agents can prevent delays in the registration procedure, obtain the TRN on time, verify the TRN with the supplier and purchaser by avoiding any mistakes that could hinder the process, and provide expert assistance in de-registration of the TRN in cases when taxable supplies fall below the mandatory threshold or when the company is no longer eligible for registration with the FTA. VAT consultants also provide recommendations in how to move forward and offer explanations of UAE VAT laws and related procedures. Further, they help business owners with effective tax planning, ensuring improved control tax outflow and regulating working capital.
Notably, after the most recent update of VAT in the UAE, more business owners are seeking the assistance of VAT expert consultants to better understand the scope and enforceability of VAT in current law changes. This assistance allows them to register for VAT, navigate the TRN, file for returns, and claim refunds for their transactions more effectively. Our team of professionals could play that part and facilitate your TRN verification in Dubai as well as other tax-related procedures. Be sure to contact us!
