Article 46 - Exempted Supply
Part 6: Zero Rate and Exemptions
Chapter 2 - Exemptions
Article 46 - Exempted Supply [13]
The following supplies shall be exempted from the tax:
Financial services as specified in the Executive Regulations of this Decree-Law.
The supply of residential buildings through selling or leasing the same, except for those zero-rated in accordance with Clauses (9) and (11) of Article 45 of this Decree-Law.
The supply of vacant lands.
The supply of local passenger transport.
The Executive Regulations of this Decree-Law shall establish the conditions and controls for exempting the supplies mentioned in the preceding Clauses from the tax.