0% VAT for
International Congresses, Conventions, Fairs and Exhibitions
It
is the possibility to calculate 0% VAT for international congresses,
conventions, fairs and exhibitions when these are carried out by foreign
meeting planners.
This
means that those events organized by foreign companies shall not be imposed the
VAT corresponding to the services specified in the Miscellaneous Tax Provisions
Act.
The
Miscellaneous Tax Provisions Act published on May 30, 2005 increases the
supplementary services, among which, the most representative is the inclusion
of meals and beverages provided on a group basis to attendants at the involved
congress or convention.
The
denominated “Incentive trips” granted as performance award to some
persons or due to any other reason, independently from the denomination or name
designated thereto are not yet comprised in the items of this rule.
Vat for International Congresses,
Conventions, Fairs and Exhibitions (
1.56 Mb.)
