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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The poll found that 35.9 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.
''If the BOJ reinstates the zero-rate policy so easily, it would create lots of adverse effects,'' said Izuru Kato, senior researcher at Totan Research Co.
Those developments prompted the BOJ policy-makers to conclude that the end of the zero-rate policy has not had serious adverse effects on the economy, BOJ watchers said.
However, officials at the Regional Tax Office (RTO), Karachi stated the zero-rate sales tax facility was retired via Finance Act 2016 due to a major misuse of the facility.
Former Economic Planning Agency chief Taichi Sakaiya said earlier this month there are growing signs of deflation, but added he thinks the BOJ cannot afford to return to the zero-rate policy because trust in monetary authorities would be undermined.
While speculation is growing that the BOJ could scrap its zero-rate policy in July or August, Keidanren Chairman Takashi Imai has recently said it is too early to raise interest rates because personal consumption is still weak.
But the central bank was quick to emphasize that ending the zero-rate policy would not represent a shift to credit tightening, but rather a ''small adjustment to the degree of monetary easing'' in line with the improvement in the economy.
Initially, an official from the FTA said, there was a list that was agreed on between the GCC member states, with each country choosing whether to zero-rate each item or not.
BOJ Governor Masaru Hayami expressed confidence Friday that the nation's economic recovery will continue after the end of the zero-rate policy, but whether it indeed continues remains to be seen because of the lingering fragility of the economy.
Further, he agreed to another Aptma demand to zero-rate cotton imports.