Of Mice and Men: Event organisers ‘celebrate’ decision to refund VAT

Dubai: Event organisers in the UAE are celebrating the government’s decision to provide refunds on the value added tax (VAT) paid by companies in the conference and exhibition sector, as they are poised to benefit financially from the move.

On Sunday, the UAE cabinet announced its ruling, saying that firms operating in the exhibitions and conferences sector, as long as they are based outside of the UAE, would be entitled to a refund on the five per cent tax imposed on the provision of services required for setting up these events.