Zero-Rated

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Zero-Rated

Goods and services that are not subject to a VAT. Examples of potentially zero-rated goods and services include financial services and items donated to a charity that the charity later sells.
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References in periodicals archive ?
A seller makes a zero-rated supply by way of sale to a GST registrant; the goods are exported directly to the U.
A zero-rated supply is charged to the customer at a rate of zero per cent and this needs to be stated on an invoice.
The freight carrier invoices Customer B without including GST because the freight carrier views the supply as a zero-rated supply on an international transportation service.