ex ‧ emp ‧ tion /ɪɡˈzempʃ ə n/ BrE AmE noun
1 . [countable] an amount of money that you do not have to pay tax on:
You qualify for a tax exemption on the loan.
2 . [uncountable and countable] permission not to do or pay something that you would normally have to do or pay
exemption from
exemption from customs duties
The commission granted temporary exemptions.