UAE Cabinet approves VAT refund for organisers of exhibitions, conferences
Ankit Sharma
<p>Abu Dhabi: The UAE Cabinet on Sunday has approved a decision pertaining to the refund of VAT on organisations involved in organising exhibitions and conferences.</p> <p>The decision stipulates that facilities operating in the exhibitions and conferences sector are entitled to refund VAT imposed on the provision of services required for setting up these events.</p> <p>According to recent statistics, the conference and exhibition tourism sector contributes Dh2.39 billion to the national economy annually, and is expected to grow to Dh5.1 billion by 2020.</p> <p>The decision is meant for any exhibition held under a license from the competent local authority for a period not exceeding 7 days, or any formal meeting between persons of mutual interest licensed by the competent local authority for a period not exceeding 7 days.</p> <p>Source:--<a href="https://gulfnews.com/business/economy/vat/uae-cabinet-approves-vat-refund-for-organisers-of-exhibitions-conferences-1.2220799" target="_blank">https://gulfnews.com/business/economy/vat/uae-cabinet-approves-vat-refund-for-organisers-of-exhibitions-conferences-1.2220799</a></p>