VAT Registration is considered as an essential part in an organization as it boosts the business profile, averts financial penalties and helps to grab a mass market. A business which has been registered for VAT will eventually obtain a unique number released by the authority, known as the tax registration number (TRN). All of the taxable persons who are currently residences in the UAE and whose value of yearly supplies in the UAE surpasses or is expected to go beyond the mandatory registration threshold ought to register for VAT in UAE. A penalty up to AED 20,000 shall be expected if any discrepancies will be performed by an organization.
