First Off, What is VAT in UAE?
Get to Know VAT
Who are the Eligible Businesses to Register for VAT in UAE?
What Documents Do You Need to Prepare for VAT Registration in UAE?
Documents required for VAT registration in UAE
How to Register and Obtain TRN?
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What you should do to get your trn (Tax No) in UAE?
1. What You Should Do to Get Your
TRN(Tax Registration Number)?
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2. Int.
There have been understandable confusions that came with the implementation of the value-added tax (VAT) system in the United Arab
Emirates (UAE). Admittedly, not everyone is aware of what the tax system implies and how it works because the country has not
experienced this before. It is the first time in history that UAE applied the tax to goods and services.
One of the questions that are pressing people, probably until now, is how they are going to go about getting a Tax Registration Number
(TRN). This may be a question from the business community who are curious as to what it is and how to obtain it or the residents in the
UAE who wish to remain updated about happenings in the country, or those who are looking into registering as a taxpayer business.
Simply, TRN comes with finishing your VAT registration in UAE. The FTA has opened their portals to registration since 2017, and those who
have failed to meet the deadline were given the chance again to register. For those who have not tried registering do not know for sure
where to get the TRN. It is provided when the registration process for VAT is completed.
To further understand the whole process of the VAT registration in UAE and how to get your TRN, the below will explain in detail the
things that you should know.
3. First Off, What is VAT in UAE?
The Excise Tax was the first one in the tax system that was implemented in October 2017. The
VAT was then introduced and applied throughout the whole country on the first day of January
2018.
It is expected that the rest of the countries in the Gulf Cooperation Council (GCC) are going to
follow suit with the implementation of the VAT.
4. Get to Know VAT
This is a consumption tax that is added at the purchase of a product in a certain VAT rate. In the
case of the UAE, the government has opted to apply one of the lowest rates of the VAT that is
only at 5%.
The consumers are the ones who bore this amount that will then be collected by the businesses
and paid to the government. There are cases that make it applicable for businesses to claim VAT
refunds from the government.
5. Who are the Eligible Businesses to
Register for VAT in UAE?
There are no changes to the original information that the government has laid down to the
businesses in UAE. Those that offer taxable goods and services from AED 375,000 or higher as
annual revenue, need to register for VAT and those who have minimum AED 187,500 taxable
goods and services or less than the threshold amount can volunteer to register for VAT.
6. What Documents Do You Need to
Prepare for VAT Registration in UAE?
When you decide to register for VAT, you need to have several documents prepared and
scanned. These will have to be uploaded on the portal of the FTA.
The generally required documents for the registration are the following and they might change
or some might be added depending on the nature of a business, type of a business and other
factors.
It should also be noted that everything for VAT registration is done online and there is no need
to have a physical appearance at any government department.
7. Documents required for VAT registration
in UAE
Trade license copy of the business.
The partners’ or business owners’ passport copies.
The partners’ or the business owners’ Emirates ID copies.
The company’s address (including P.O box) and contact details.
The company’s Memorandum of Association (MOA).
The business owner’s contact details.
The company’s bank details.
The company’s income statement for the past year.
The business’ experience.
8. How to Register and Obtain TRN?
With the documents in your position, all you need to do is to create a new account, confirm
through email, go to registration, provide all the basic things that the registration form is asking
and once done, a TRN will then be automatically be issued to you.
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