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There are mainly three types of VAT in UAE. That is Standard Rate, Zero Rated and Exempt Supplies 1. Standard Rated and Zero Rated are taxable supplies while exempt are non - taxable supplies 2. On Zero rated supplies there is not vat but it is still considered as taxable supplies 3. When we are calculating the revenue we should also consider zero rated sales for registration purposes and we must have to mention the total amount of zero rated sales in vat return of each quarter 4. We can claim input vat on zero rated sales just like standard rated sales. We can only not claim Input vat on exempt sales 5. If the supply is zero rated or exempt. Zero rated will always take priority -
Imports; Imports by VAT law is goods or services that would be taxable if bought in the UAE. VAT is applicable and paid at the point of entry of import of goods into UAE. VAT on services imported is applied on by the reverse charge mechanism. To pay and claim vat on imports, importer has to keep the evidence of the documents of imports and custom documents (Article 48 of the regulation). Any unregistered business or individual cannot claim vat but he must pay to authority on imports. Exports; Exports of goods are zero rated. Services are also zero rated when these are given to the person which is outside of GCC. Export can be either direct or indirect. It depends on how the delivery is arranged by the recipient or by the supplier. (Art.30 of the regulations)
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Any transaction which is meeting the following criteria will fall under the scope of UAE Vat law. 1. It should be the supply of goods or services. 2. It must take place in UAE 3. It is made by the taxable person. A taxable person by law is the firm, entity, individual or company which is registered for vat or is required to be registered for UAE VAT 4. It is made in the course and intercurrence to carry on the business which is registered. If any transaction which is not meeting all of this above criteria is out of scope of UAE VAT. But sometimes these criteria is meeting but the transaction is still out of scope e.g The transaction of selling of an ongoing business.