What Is Exempt Supply?
Supplies not subject to VAT or sales tax, with no tax on the sale.
Detailed Explanation
Input tax on related costs is often blocked. Do not confuse with zero-rated.
Example
Certain education or healthcare services are VAT-exempt locally.
Why It Matters
Pricing and margin differ from taxable or zero-rated lines.
Related Resources
Related Tax Terms
Get invoicing tips that actually help
Join 5,000+ freelancers and small business owners. One email per week with practical invoicing advice, tax tips, and product updates.
No spam, ever. Unsubscribe anytime.