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VAT Exempt Supplies in UAE

3 years ago

ID: #251182

Listed In : Business & Services

Business Description

Exempt supply is defined as the supply of services and goods when trading in a specific area where no tax is levied / payable thereon and no input tax is also levied except in the provisions of decree law. can be done. In simple terms, the supply of exemptions is on goods or services notified in UAE law where the supply of VAT is not charged. At the same time, the discounts granted to companies supplying goods / services will not be allowed to claim any input taxes paid on purchases.

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Tags : vat in uae