what is a trn number

what is a trn number

1 year ago 93
Nature

A TRN (Transaction Reference Number) is a unique identifier assigned to a financial transaction, such as a wire transfer, online payment, or credit card transaction. It serves as a reference point for both the sender and the receiver, and without a TRN, it can be difficult to track a transaction and ensure that it has been processed correctly. TRNs are typically alphanumeric codes that may include a combination of letters, numbers, and symbols.

However, a TRN can also refer to a Tax Registration Number, which is issued by Revenue when you register for tax as a sole trader, trust, partnership, or company. You must use your TRN when trading and filing your tax returns as a sole trader, trust, partnership, or company. In Jamaica, a TRN is a unique nine-digit identification number assigned to each individual taxpayer, business enterprise, or organization.

In addition, a TRN can also be used to identify individual payment or securities settlement instructions. The term TRN can have different meanings depending on the context in which it is used.

Read Entire Article