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عرض النتائج للدليل 'standard rate vat'.
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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