VAT(Value Added Tax)
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 have the VAT imposd 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 attendees at the participating congress or convention.
More information please contact SECTUR
