By definition, VAT exemption UAE refers to the supply of goods or services in the UAE where no tax is recovered. In simple words, the UAE executive regulations have listed a few goods and services on which VAT is not levied. For example, certain financial services, residential buildings, and supply of bare land, local passengers, and so on. Additionally, the UAE VAT Act and Executive Regulations require businesses to meet certain conditions to consider the supply as exempted from the VAT