Definition of a VAT exempt, some sales of goods and services are exempt from VAT. That means if you sell these goods and services you won’t charge your customers any VAT, and if you buy them there will be no VAT to reclaim.
Definition of a VAT exempt, some sales of goods and services are exempt from VAT. That means if you sell these goods and services you won’t charge your customers any VAT, and if you buy them there will be no VAT to reclaim.