This official FTA guide, VATGIN1, outlines the VAT treatment for the insurance sector in the UAE. It clarifies the application of VAT to various insurance and reinsurance services, establishing that most are subject to the standard rate. The guide details the specific exceptions, primarily the VAT exemption for life insurance and associated reinsurance under Article 42 of the Executive Regulations, and the zero-rating for insurance related to international transport under Article 33. It provides critical guidance for insurers on input tax recovery, including direct attribution and the standard apportionment method for businesses with mixed taxable and exempt supplies.