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zero-rate

   Also found in: Financial, Encyclopedia 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.


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VAT Computation with Exemption The effect of exemption or zero-rate transactions on the VAT revenue and the tax burden depends on where in the production process the exemption or zero rating occurs.
Slightly fewer opted to transfer their debts to a zero-rate credit card.
The dollar rose above the 116 yen line in the afternoon as they continued selling the yen in reaction to news reports saying the central bank proposed ending the zero-rate policy.
 
 
 
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