How are contracts treated under VAT?

Contracts not anticipating VAT are treated as zero-rated supplies until either the expiry/renewal date of the contract or December 31st 2018 (whichever is earlier). The following conditions must be met:

• The provided contract was signed before May 2017.
• The taxable supplier is entitled to deduct the full input tax for the supply of goods or services or refund of the tax.
• The customer provides a written confirmation to the supplier that the full input tax can be deducted from the supply.