Sarah Ferguson Tax Consultancy helps you answer all your finance and accounting-related queries, including dealing with taxes and bookkeeping prospects. Solving all your tax queries, our experts with several years of experience and professional skill set in the field will help you get your accounting needs sorted hassle-free.

Blogs

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Difference between Commercial Invoice and Tax Invoice

The eminent arrival of VAT has bought a confusion of difference between commercial invoice & tax invoice for some professional tax consultancy services provider which actually is quiet strange.  But not to worry, here’s a brief about variations in both commercial & tax invoices:A commercial invoice is a bill of sale provided from selle...

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Important Facts About Tourist VAT Refund In UAE?

Imposing value-added tax (VAT) at a standard rate of 5% by the UAE government was a landmark decision to diversify the country's economy away from oil.Moreover, tourists visiting emirates are eligible for claiming back 85 percent of applied VAT on goods purchased by them. More than 4,500 companies registered for this scheme during the initial stage...

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What are Zero-Rated Supplies in UAE VAT?

The term "Zero-rated supplies" in UAE refers to any taxable supply on which VAT is zero charged. Moreover taxation charged here is based on the nature of supply, despite the goods or services stocked or specified goods or services enlisted under zero rated list.In general, total export of goods and services in UAE is considered as zero rated suppli...

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Know How of Input Tax Recovery Process in UAE

An input tax is the amount paid by any personal on every purchases made or inward supplies. The major feature of VAT in UAE is recovery of tax paid on inputs where a person can reduce the amount of input tax likely for recovery from tax payable amount & pay the balance amount as tax.It's a kind of guarantee that tax is only paid to value added...

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VAT Refund Scheme on Goods & Services Linked With Expo 2020 Dubai

As the countdown for "World’s Greatest Show" begun, Dubai government has initiated several measures for providing the best of facilities to people visiting here from across the globe. In continuation, FTA (Federal Tax Authority) has rolled out notifications about conditions and procedures for grant of VAT refund to business officials in UAE for fac...

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TRN Number in UAE

The TRN (Tax Registration Number) is a special number for individuals who are registered for value-added tax (VAT) in the UAE by the Federal Tax Authority. The implementation of VAT was an addition in the UAE taxation law implemented on 1st January 2018. Like explained in our previous posts the law required companies to be registered for charging V...

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Hiring Online Bookkeeping Services For Small Businesses

What is Bookkeeping?Bookkeeping is the process of accurately recording a business's financial activities. Bookkeeping services for small businesses are crucial for maintaining organized financial records. This involves documenting all financial transactions into well-structured accounts on a daily basis. Bookkeeping is an essential part of accounti...

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Accounting Services For E-commerce Companies In Dubai

Accounting is one of the most critical determinants for the long-term success of any business. Though it's a time taking process, one can't ignore it. But when it comes to an E-commerce business, the process becomes a little bit different. Overseeing cash flow is essential to deciding the progress of the E-commerce business. Therefore, irrespective...

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Essential Tips To Choose The Best Accounting Service Provider In UAE

There are several factors that business owners have to consider before choosing an accounting service specialist who can handle all their company's accounting tasks. From quality services, skills, and price ranges to meeting scalability requirements, all these aspects play an essential role in choosing the best accounting service provider in Dubai....