UAE Cabinet approves VAT refund for organisers of exhibitions, conferences
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.
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.
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.
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.