+971 557 188 763‎
[email protected]
Connect Us
CDA Services

VAT SERVICES FOR EVENT ORGANIZERS/EVENT MANAGEMENT COMPANIES

Like other business sectors in UAE, VAT services are necessary for Event management companies also. Event management is an innovative business founded on creativity and celebrations. Event management businesses require project management skills for organizing various functions. It has almost made an eye-catching experience in UAE with Expo 2020 and innovations at international levels. Event management activities include organizing: conferences, entertainment events, public events, weddings etc. A value-added tax is an indirect tax charged on the taxable supplies and is regarded as a consumption tax. It is placed on a product or service whenever a value is added at the stage of event functions. Both consumers and businesses who are the residents of a country are liable to pay VAT when purchasing products or services. The cost of a product, less any of the cost of materials used in the product that has already been taxed, is the Amount of VAT that the consumers pay.  

VAT Categorization

VAT was introduced by FTA   with a standard rate of 5% under the GCC VAT system. A business register for VAT if their annual turnover exceeds the threshold of AED 375,000 as per the current year. There exists an option for voluntary registration if there is a threshold of AED 187,500. The government of UAE and the federal tax authority (FTA) defined this process of the threshold for registration and reporting of VAT. Event management companies who have registered themselves for VAT have to file their monthly or quarterly VAT return as prescribed by the FTA. Goods and services are separated into three categories on which VAT will be applied:

VAT Exempted Category: It includes Health Sector, Education, Food and rent, local passenger transport, corporate businesses, first-time property buyers, residential leases and land buyers.

Zero per cent VAT: This category includes goods and services listed for export and international services, precious metals, certain education, and health services and supplies, residential properties that are newly constructed and supplied within three years.

Five per cent VAT: This includes electronics goods, clothes, food, fuel, communication services, entertainment, etc.

Why Tax Audit for Event Management Companies?

Tax audit and tax consultation help the event management companies for good presentation of a financials along with identifying the weakness of the accounting system within the organization. Considering VAT related requirements for event management companies, tax audit consultation helps in:

  • Compliance with standards and control procedures
  • Identifying risk and proper solutions and minimise the VAT liabilities
  • Tax planning and implementing vat training along with vat impact study

How CDA helps you?

CDA provides top-notch Tax Consultancy Services and the Implementation and Tax Reclaim Services at a very reasonable charge. The CDA experts are chosen because they are insightful of the procedures of the VAT. They know the right protocol to follow for the UAE VAT registration. That is why CDA is the first choice to be considered by the companies for their compliance with the VAT laws in the UAE. At each distribution, channel VAT is added up to purchase and sales, that is why it’s called as a value-added tax which is obtained in multistage of productions. CDA offers various VAT services for event management companies such as:

VAT Registration

Our tax experts will help you to obtain TRN for the company by submitting essential documents which include:

  • Trade license
  • Authorized signatory documents (Emirates ID, Passports)
  • Power of Attorney
  • Bank details
  • Financial statements of the previous year

VAT Record keeping

Our tax consultants help you to maintain the documents in a systematic manner which includes:

  • Sales invoices, purchases invoices
  • Debit and credit notes provided
  • Import and export documents
  • Records of goods issued for free use
  • List of exempt, zero-rated supplies if any

VAT Calculations and Return Filing

Before calculating VAT, your business must comply with rules to avoid any penalty. VAT return depicts the tax amount due for a particular tax period. CDA experts prepare VAT return filing on 201 forms and submit it to FTA authority. 

VAT implementation and Compliance

Compliance with UAE VAT law is a complex task. Following each law concept and filing the tax for all manufactured goods it can be finished or semi-finished is necessary to avoid the penalty. We assure your tax filings on time.

VAT De-registration

It is the process of cancellation of TRN. Deregistration occurs when the taxable supplies fall less than the threshold limit as prescribed by FTA. Our VAT deregistration services are at a reasonable rate.

Filing reconsideration form for VAT penalties

Before submitting reconsideration forms you must pay the previous penalties and wrong filing fines. VAT penalties must be paid on time with FTA for smooth tax life. 

CDA Client Portfolio

Our client portfolio is evidence of our excellent vat services for event management companies.

“I am so happy and more satisfied with the services. The experience was definitely great. Your company is always reliable and prompt in your services.”

Keith Robert

Founder and Managing Director, Squire Event Management

Frequently Asked Questions [FAQ]

1. What are the VAT rates?

The standard rate of VAT is 5%. There will be exempted and zero-rated goods and services. The standard rate is applied to all goods and services that do not fall under an exempt or zero-rated goods and services category.

2. How long VAT invoices to be retained for?

Any taxable person must retain the VAT invoices and other notes for 5 years as per FTA.

3. Under what circumstances VAT incurred on expenses cannot be claimed?

VAT is not deductible for non-taxable supplies. Customs duty cannot be claimed for payment of VAT. In some cases, input tax cannot be recovered. E.g.: Staff entertainment expenses

4. What is the deadline for VAT return filing?

The deadlines are clearly mentioned in the TRN certificate and it is monthly or quarterly based. The payment of due tax is on the 28th day of the tax period.

5. When can I claim my input tax?

If you have missed out any bill in the previous filling or the vendor submitted the invoice late, FTA allows you to claim the input tax in the next subsequent period.

6. Is it compulsory to pay the Tax for the invoice which I have not been paid till now?

Yes, if you have raised a Tax Invoice we are liable to pay the VAT to the government, if the customers do not make the payment in future we can issue a Tax Credit Note and reclaim the amount we have paid in excess.

7. Can input Vat claim Prior to Tax Registration?

Yes, input VAT can be claimed prior to the tax registration of taxable supply.

8. How do Tourists receive their Tax Refund?

Tourists can claim their tax refund for the purchases they made during the stay through a fully integrated electronic system which connects to the retailers registered in the online portal “Tax refund for tourist scheme”.

9. Do a foreign company events in UAE taxable under VAT law?

If the foreign company events taxable supply exceeds the threshold limit of AED 375,000, they are liable to pay VAT unless it is handled by a tax agent.


Request a Free Consultation

Fill in the form below, and we'll get back to you within 24 hours.

Need professional help? Talk to our experts for the best advice.