TAX Identification Number Dubai 's Importance 2024
The FTA provides registered entities with this unique number to distinguish them from other entities. Documents required by the government, such as the filing of a VAT return, a tax invoice, a tax credit note, and others, must include a reference to the TAX Identification Number.
The Federal Tax Authority uses the 15-digit TAX Identification Number to distinguish particular people or businesses from others. The person who receives a tax identification number is known as a “Registrant,” and they are required to consistently include this number in legally required documents like VAT Return Filing, Tax Invoices, Tax Credit Notes, and similar ones.
A company or individual will automatically receive a Tax Identification Number (TIN) after they register for VAT in Dubai. Companies must include the TIN in their documents for the government to track and record all of the transactions that are made by the company or individual. This guarantees accurate tracking and accountability for financial activities.
Only business owners or traders with a TIN certificate are permitted to charge VAT on their clients. Companies in the UAE are not allowed to charge VAT to their customers without a TAX Identification Number.
Where to Find My TAX Identification Number?
In the VAT (Tax) Certificate, After your registration application is approved, you will be registered for VAT and get a VAT TIN , Generated International Bank Account Number (GIBAN), and registration certificate. The registration certificate is available for download from your EmaraTax account.
Documents required to obtain TIN
To get a TIN number for your company in the UAE, you must submit the necessary documents to the relevant department. You can get help from BMS, a renowned and skilled tax consulting expert, to get the TIN number. We quicken TIN registration by streamlining the procedure and making it simpler.
The following is a list of possible supporting documents you may have to provide:
- Company’s MoA
- Company’s trade license
- Import or export declarations
- Company Bank Account Details
- Company’s turnover declaration letter
- Company’s contact details and address
- Emirates IDs of the shareholder/manager
- Passport copies of the shareholder/manager
- Last Year’s income statement and bank details
- Sample invoices from the suppliers and customers
Importance of TAX Identification Number
Under UAE VAT laws, the taxable person with TRN can only charge VAT on invoices. Accordingly, they must mention the valid TRN on all invoices. Further, the 15-digit TRN separates the registered and unregistered businesses.
UAE VAT Law mandates businesses to quote TRN on all tax-related documents, such as:
- Tax invoice
- Credit notes
- VAT returns
- Other documents specified under UAE VAT
AHG, Top Audit and Chartered Accountants firm in UAE. Corporate Tax is to be withheld from State Sourced Income of UAE businesses in accordance with Article 45 of this Decree-Law