GTL Summary:

Article 33 of the GCC Common VAT Agreement provides Member States with the option to apply a zero-rate to certain supplies. This includes the supply of sea, land, and air means of transport designated for the commercial transportation of goods and passengers for a fee. It also covers the supply of goods and services related to the operation, repair, maintenance, or conversion of these commercial vehicles. Furthermore, the provision allows for the zero-rating of the supply of rescue aeroplanes, rescue boats, land and sea aid vehicles, and boats specifically allocated to sea fishing, creating a specific exception.