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What is Tax Registration Number (TRN) & Why it is Important in Taxation?

The introduction of the Value Added Tax (VAT) in 2018 has brought fresh changes to the UAE business landscape which has been hitherto known to be a no-tax regime. As a result, anyone whose business turnover exceeds AED 375,000 is required to mandatorily register for VAT. And those with a turnover above AED 187,500 are allowed to undertake voluntary VAT Registration in the UAE.

Source: jcauaeaudit.com

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