Supply under VAT

Supply under VAT

What is a supply?
A supply refers to goods or services that are exchanged for consideration. A supply occurs when there is a transaction between two persons and at least one of them is a registered taxpayer. Buying, selling, and stock transfers are all supplies, even if there is no exchange of money.

You can also think of a supply as a transfer of goods or services between two people in the UAE, in which the goods or services that are supplied are meant to advance the business of at least one person involved in the transaction. It can mean buying goods for selling them, outsourcing a service, conducting imports or exports, and more.

What are the components of supply under VAT?
A supply under VAT has three attributes that are used to calculate the tax owed for the transaction: place, value, and time.

Types of supply under VAT

Under the UAE VAT, supplies can be classified as:

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