Zero-Rated

(redirected from Zero-Rated Goods)
Also found in: Dictionary, Encyclopedia.

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.
Mentioned in ?
References in periodicals archive ?
Taxpayers who consume zero-rated goods or services must continue to register with the tax authority and file a return.
This method, however, would be difficult to administer if Congress created many different tax rates and exempted or zero-rated goods or businesses.
They created fictitious sales transactions and invoices for zero-rated goods like animal feeds, children's clothing and fruit and vegetables and pocketed reclaimed VAT for fake business costs.