Supplies exempt from VAT fall into the following categories:
- certain supplies of goods and services of public interest (e.g. postal services, certain health services, public service media, folk art products and events)
- certain special activities in accordance with the relevant EU Directives (e.g. insurance, financial institution services, gambling, the sale of land except for building plots etc.)
- optional exemptions i.e. supplies for which it is possible to choose VAT liability (e.g. letting of real estate, sale of real estate older than two years etc.)