Core Insights - The establishment of the Guangdong-Hong Kong-Macao Greater Bay Area Exhibition Industry Alliance and the release of the "2024 Guangdong-Hong Kong-Macao Greater Bay Area Exhibition Industry Development Report" highlight the strategic importance of the exhibition industry in driving economic growth in the region [1][3]. Group 1: Economic Significance - The Greater Bay Area is recognized as one of the most open and economically vibrant regions in China, playing a crucial role in the national development strategy [3]. - The exhibition industry is identified as a key driver of urban economic development, facilitating the aggregation of innovative elements such as people, logistics, and information from both domestic and international sources [3][4]. Group 2: Development Trends - The exhibition industry in the Greater Bay Area has shown a robust development trend over the past decade, with a significant recovery in 2023, surpassing the scale of exhibitions held in 2019 [5][14]. - In 2024, a total of 924 exhibitions are scheduled, representing a year-on-year increase of 1.32% compared to 2023, indicating strong market vitality and growth potential [5][14]. Group 3: Structural Analysis - The internal structure of the Greater Bay Area's exhibition industry shows significant regional differences, with the nine mainland cities hosting 718 exhibitions (77.71%), Hong Kong 145 exhibitions (15.70%), and Macau 61 exhibitions (6.60%) [5][6]. - The report highlights that while the Greater Bay Area excels in resource integration in the upstream and midstream supply chain, there is a need for improvement in downstream market expansion and brand building [9]. Group 4: Competitive Advantages - The Greater Bay Area boasts a high number of large exhibition venues and indoor exhibition space, significantly exceeding the national average, with Guangzhou and Shenzhen ranking first and third globally in indoor exhibition area [11][13]. - Macau's competitive edge in the exhibition market is attributed to its advantageous location, leading hardware facilities, and high international service standards [13]. Group 5: Collaborative Dynamics - The exhibition industry in the Greater Bay Area is characterized by a strong collaboration between private enterprises and industry associations, with over 75% of exhibitions organized by enterprises, predominantly private ones [14]. - The establishment of the Greater Bay Area Exhibition Industry Alliance is expected to enhance collaboration and vitality within the exhibition sector, contributing to the achievement of strategic goals for the region [14].

Core Viewpoint - The article discusses various tax regulations related to value-added tax (VAT) for different services and goods, emphasizing the importance of proper classification and accounting for tax purposes [2][5][6]. Group 1: Tax Regulations on Services - Taxpayers providing plant maintenance services are required to pay VAT under the category of "other living services" [2]. - Hotels and similar establishments providing conference venues and related services are taxed under "conference and exhibition services" [3]. Group 2: Taxpayer Obligations - Small-scale taxpayers providing construction services in different locations do not need to prepay taxes at the location of service provision if their monthly sales do not exceed 100,000 [4]. - Taxpayers selling both vegetables and other taxable goods must separately account for the sales of exempt and taxable items to qualify for VAT exemptions on vegetables [5][6]. Group 3: Tax Treatment of Specific Income - Revenue from transportation tickets that are not consumed due to customer delays is subject to VAT as "transportation services" [6]. - Fees collected for ticket refunds and service charges are classified under "other modern services" for VAT purposes [6]. Group 4: Policy References - The article cites several key regulations, including the announcement from the State Administration of Taxation regarding VAT management, the interim regulations on VAT, and notifications concerning VAT exemptions for vegetable circulation [8].