VAT in UAE: New online calculator to check authenticity
of tax invoice
FTA introduces
online VAT calculator, TRN verification service.
The Federal TaxAuthority (FTA) on Tuesday launched a Tax Registration Number (TRN)
verification service on its website, where consumers can check the authenticity
of tax invoices and ensure that the merchants and service providers issuing
them are registered with the FTA.
The Authority
also debuted the VAT Calculator, which allows consumers and service recipients
to instantly calculate the Value Added Tax (VAT) due on their purchases of
goods or services. This, in turn, makes it possible for the public to remain
aware of their rights and ensures full transparency.
Sarah
Al-Habshi, director of Tax Compliance and Enforcement at the Federal Tax
Authority, said that the new services were part of the Authority's efforts to
protect consumers and prevent any attempts at price manipulation as the UAE taxsystem goes into effect. These services support and facilitate the Authority's
efforts to monitor markets in collaboration with relevant authorities and stakeholders.
The TRN
Verification service is fast, accurate and seamless, Al-Habshi explained,
adding that consumers can enter the TRN found on their invoices on the
"TRN Verification" section of the "Getting Help" tab on the
FTA website, then, if the number is correct, the website will display the
company's name in English and Arabic. If the company is not registered in the
tax system, the number entered will not yield results.
Al-Habshi went
on to note that the VAT Calculator is designed to be easy to use, and will be
available on the FTA website, under the "Getting Help" tab. Once
accessed, the page displays a box where the price excluding VAT can be entered,
upon which the calculator will display the total tax amount and the total price
including VAT.
Users can
alternatively enter the full price (including VAT), where the calculator would
display the original pre-tax price, as well as the tax amount.
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