Exempt Supplies of VAT in UAE
The regulations define exempt supplies as supplies of goods and services on which VAT in UAE is not chargeable but also non-recoverable. Exempt supplies are the following: Financials Services Residential Building Bare
Who Should be registered in VAT?
A business must register for VAT if the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. Furthermore, a business may choose to register for VAT voluntarily