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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9 percent of the respondents believe that higher interest rates, to be induced by the removal of the zero-rate policy, will deal damage to the economy's current momentum toward a rebound.
The central bank scrapped the zero-rate policy last August in spite of pressure from the government and politicians to maintain it.
There are some transitional arrangements in place, but essentially this is now the last opportunity to have the work done at the zero-rate of VAT urges Crispin Mahony of Savills Winchester.
The BOJ, which ended the 18-month zero-rate policy last August, is widely expected to return to the policy at its Policy Board meeting next Monday.
The stock and currency markets have been relatively stable since the zero-rate policy was removed, while long-term interest rates are hovering around 1.
The sources warned the outcome of the Policy Board meeting is uncertain, and it is possible that the top BOJ policy-making panel may take no action, or put off the decision to reinstate the zero-rate policy until April or at a later date.
Under the zero-rate policy, the central bank has guided the key unsecured overnight call money rate to close to zero since February last year as a way to prop up the economy.
The Implementing Regulations outline the goods and services subject to VAT at the standard 5% rate, zero-rate, and those exempted or out of VAT scope.
economy, some politicians are hoping the BOJ will reinstate the zero-rate policy to stimulate the economy.
Sakaiya said, however, Japan is at present in a situation where "even if the zero-rate policy be scrapped, it would not deal a serious blow to the macroeconomic situation.
Further, he agreed to another Aptma demand to zero-rate cotton imports.