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zero-rated
(redirected from Zero-rated supply)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
ze·ro-rate (zîr-rt, zr-)
tr.v. ze·ro-rat·ed, ze·ro-rat·ing, ze·ro-rates Chiefly British
To exempt from paying a value-added tax.

zero-rated
adj (zero rated when postpositive)
(Business / Commerce) denoting goods on which the buyer pays no value-added tax although the seller can claim back any tax he has paid
Translations
zero-rated [ˈzɪərəʊˌreɪtɪd] ADJ to be zero-rated for VATtener tipo cero del IVA
zero-rated [ˌzɪərəʊˈreɪtɪd] adj (Brit) (Comm) → ad aliquota zero


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Damage payments A seller makes a zero-rated supply by way of sale to a GST registrant; the goods are exported directly to the U.
The main difference under the Quebec sales tax is that financial services are a zero-rated supply, rather than an exempt service, under the GST.
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.
 
 
 
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