In a move to facilitate the smooth provision of Exhibition and Conference Services, the tax authority has laid out a clear framework for the refund of tax to suppliers. This article sheds light on the essential conditions and procedures that must be met to qualify for a tax refund, providing valuable insights for suppliers operating in the Exhibition and Conference Services sector.
To be eligible for a tax refund, suppliers must adhere to the following conditions:
The Minister of Finance is entrusted with the responsibility of issuing the necessary decisions to implement the provisions outlined in this decision. This reflects a commitment to clarity and effective enforcement of the established framework.
Any provision that contradicts or violates the conditions set forth in this decision shall be abrogated. This ensures a streamlined and consistent application of the tax refund process for Exhibition and Conference Services.
The decision is set to be implemented from the date of issuance and will be officially published in the state’s official Gazette. This step emphasizes transparency and accessibility, making the information readily available to all stakeholders in the Exhibition and Conference Services sector.
The outlined conditions and procedures for tax refunds in the realm of Exhibition and Conference Services aim to provide a conducive environment for suppliers. It is imperative for stakeholders to familiarize themselves with these guidelines to ensure compliance and take advantage of the opportunities for tax refunds in this sector. The commitment to clear executive decisions and the cancellation of conflicting provisions underscore the authority’s dedication to a fair and efficient tax refund process..
The tax authority, through Cabinet Decision No. (26) of 2018, introduces a structured process for refunding Value Added Tax (VAT) on services provided in Exhibitions and Conferences. Suppliers seeking refunds must meet specific criteria, including a detailed refund request on their tax return, limitations on the refund amount, and ensuring the recipient lacks a Place of Establishment in the State. The Minister of Finance will issue executive decisions for implementation, emphasizing clarity. Conflicting provisions will be canceled for consistency, and the decision will be published in the official Gazette, highlighting transparency. This framework fosters a favorable environment for suppliers, emphasizing compliance and efficient tax refund procedures.
For understanding more about VAT Updates, Tax Law and Registration reach out to us on : contact@itc-tax.com | +971523205619
This article was published on 3 November 2023.
Send in your questions or book a consultation session with our Tax Experts to get all your Tax related query answered.
On the occasion of Eid, we will be out of the office but just a call away from you. Please find the contact details below to get in touch with us:
For any new enquiries, you can contact our Business Development Manager - Mr Mudasir Sofi (+971 52 320 5619)
If you're an existing client then please contact our Key Account Manager - Mr Mohammed Rooman (+971 52 296 1530)
How can we assist you today?