With the upcoming event that will change the world, Dubai Expo 2020, a spectacular celebration across the city, is continuously providing everyone exciting updates on what to look forward to.
Dubai is targeting growth in business through Expo 2020 and expected to gain increase foreign investment inflows. And once again Dubai Expo 2020 has released another good news to inspire the participants all over the world to join and be part of the said event.
The FTA of Federal Tax Authority has released decision read with the VAT Guide – Cabinet Decision No. (1) of 2019 on the Refund of Value Added Tax Paid on Goods and Services Connected with Expo 2020
Dubai, United Arab Emirates.
The registered exhibition scheduled to take place in Dubai will be from 20 October 2020 to 10 April 2021.
A natural or legal person holding a valid Expo 2020 trade license number with no intention to use more than 20% of the exhibition space or presentation for non-official or commercial purposes is eligible for the refund of VAT.
Official Participants can claim upfront VAT exemption by using TRN (Tax Registration Number) and through periodical VAT return if registered and need to submit VAT application if not.
The Bureau Expo 2020 Dubai shall issue a certificate of refund entitlement to the Official Participant.
This will drive footfall and encourage businesses and more investment to increase participation in Dubai Expo 2020 by granting VAT refund.
- Official Participants can claim VAT refund
- Expo 2020 Bureau will take charge of audit
- FTA will refund
- Official Participants will should obtain Certificate of Refund Entitlement from the Bureau
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