News headline 1 : : The UAE's Ministry of Finance has listed out a number of entities that are not required to register for Corporate Tax. News headline 2 : : The ministerial decision on the Exception from Tax Registration will apply to government and government-controlled entities, extractive businesses, and non-extractive natural resource businesses. News headline 3 : : Additionally, a non-resident person will not be required to register for Corporate Tax if they earn only UAE-sourced income and do not have a Permanent Establishment in the UAE. News headline 4 : : Meanwhile, federal government, UAE government departments and authorities, and other public institutions, do not require to register under Federal Tax Authority as long as they continue to meet the conditions for tax exemption. News headline 5 : : Federal Tax Authority ramps up its efforts by expanding inspection visits by 104% in six months. News headline 6 : : Dubai Financial Services Authority Introduces Whistleblowing Regime News headline 7 : : Big update on UAE Corporate Tax. News headline 8 : : Regular Auditing and maintaining accounts have a greater contribution towards the successful running of a business. The lack of proper books of accounts and regular auditing often results in the business owners continuing to run the venture with the impression that it is going on profitably, while it might be running in loss. The realization comes late and the resultant damages are often irreplaceable. This is where a pragmatic approach to External Auditing services in UAE becomes inevitable. Every business needs the service of professionally qualified and experienced External Auditors in UAE to look into their accounting activities.

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Be careful while applying for TRN No.

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  • Be careful while applying for TRN No.

There are many reasons for not to get the TRN no. when you apply for as a business or an individual as there are very strict guidelines to get registered for VAT.

The Arabic translation of the trading name must match one hundred percent with the name on the trade license, as this is one of the main reasons that the registration gets refused to obtain TRN.

Second one is also the Arabic translation of the partner/manager name from English to Arabic. This also must as per their Emirates ID. Around thirty percent registration application for TRN gets delayed because of this.

Recently, bank details submission have been made mandatory for the business or individual at the time of filling application of registration for VAT to get the TRN.

In case of insufficient information, there are many chances that application for the registration will get rejected or Federal tax authority will ask for more information, resulting delay in getting TRN.

The all above can be avoid by contacting BSD Prime Account & Bookkeeping Services who are having dedicated expertise in this area and will get this done withing 20 working days as per the Federal Tax Authority guideline

Be careful while applying for TRN No.