Abu Dhabi: The Federal Tax Authority, FTA, on Wednesday said the removal of Value Added Tax, VAT, on services provided at exhibitions and conferences seeks to cement the UAE’s status as a leading destination for local, regional and international forums.
The decision, announced earlier this month, supports the UAE leadership’s directives to ease the tax burden on business sectors, and empower them to play an effective role in the country’s sustainable development, the Authority explained.
In a press statement issued Wednesday, the Authority called on businesses providing exhibition and conference services as defined by the Authority to register in the VAT system and acquire a Tax Registration Number, TRN, as well as a licence from the FTA to provide these services according to a set of conditions that allow them to recover taxes on their services.
Refunds can be claimed for two types of services, the Authority indicated; the first is the grant of the right to access, attend or participate in a conference, while the second is the grant of the right to occupy space for the purpose of conducting a conference or an exhibition.
