Indeed, the UAE Government has ensured that the ease of doing trade during Expo 2020 relieves the stress out of the participating countries. The Federal Tax Authority (FTA) has issued a Cabinet Decision on VAT Refunds for Expo 2020 participating countries and organizations.
The VAT refund for Expo 2020 is applicable for countries that have established a representative office within the UAE to organize their Expo 2020 site. The initial Cabinet Decision in 2019 that the Cabinet issued has been canceled, and the new Cabinet Definition number 1 of 2020 provides more scope on VAT Refund for the participants. VAT incurred on any goods and services are eligible for a refund. The participants’ claim amount is not less than AED 200 for Expo Special VAT Refund Scheme aims to enable participants to enjoy VAT-free purchases for the Expo Expenses.
Source Farahat
Latest Posts in "United Arab Emirates"
- UAE to Mandate National E-Invoicing System for All VAT Businesses Starting 2026
- UAE Launches E-Invoicing to Streamline VAT Compliance and Eliminate Manual Payment Processes by 2027
- ENOC Opens Jebel Ali Free Zone Service Station, Expands UAE Network to 207 Locations
- ENOC Opens Jebel Ali Free Zone Station, Expands UAE Network to 207 Locations
- How to Appeal an FTA VAT Decision in the UAE: Step-by-Step Guide
