This Public Clarification (VATP015) details the conditions under Article 7(2) of the Federal Decree-Law No. 8 of 2017 for a 'transfer of a going concern' (TOGC). It clarifies that a qualifying TOGC is not considered a supply for VAT purposes and is therefore not subject to VAT. The guidance distinguishes a TOGC, an asset sale, from a share sale. For a transfer to qualify, three core conditions must be met: the transfer must be of a whole or independent part of a business; the recipient must be a taxable person; and the recipient must intend to continue the business.