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Posted: 38 w
A Tax Reference Number is important as it assists the tax authorities to individually recognize and monitor the taxpayers. Hence, it eases payment and returns options, managing the tax records and filing of returns. In case of no TRN, it becomes quite challenging to ensure that all your affairs touching on tax are processed in the right manner which may lead to wrong statements on the taxes you should pay to the government or the tax claims you should be granted. It also help prevent frauds and make certain that every compliance is met as it should.
