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A company will face a fine of AED 10 000 if it is not registered with TRN and has not obtained a tax registration number
If you are doing business in UAE, then you must be aware of the innovations from February 2024 on tax law. Obtaining a TRN has become a mandatory procedure regardless of the company’s revenue
The UAE Federal Tax Authority (FTA) has already started fining legal entities and conducting on-site audits. UAE authorities have significantly increased the number of tax audits in the past year as they continue to fight tax evasion and protect consumers in the country
A company will face a fine of AED 10 000 if it is not registered with TRN and has not obtained a tax registration number
If you are doing business in UAE, then you must be aware of the innovations from February 2024 on tax law. Obtaining a TRN has become a mandatory procedure regardless of the company’s revenue
The UAE Federal Tax Authority (FTA) has already started fining legal entities and conducting on-site audits. UAE authorities have significantly increased the number of tax audits in the past year as they continue to fight tax evasion and protect consumers in the country