zero-rated

(redirected from Zero-Rated Goods and Services)
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ze·ro-rate

(zîr′ō-rāt′, zē′rō-)
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)
(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
References in periodicals archive ?
Those in the zero-rated goods and services category include certain medications and medical equipment specified by the Ministry of Health and Saudi Food and Drug Authority, supply of gold, silver and platinum that is for investment purposes - at least 99 per cent pure - and tradeable in the international bar market.
Other zero-rated goods and services include any exports destined outside the GCC region, services supplied to non-GCC residents, international transport services of goods and people and supply of qualified international transport vehicles and related services such as supply of spare parts, maintenance, repair and modifications of transport vehicles.
Drum explained that the difference between zero-rated and exempt tax is that suppliers of zero-rated goods and services are eligible to reclaim their input VAT, whereas suppliers of exempt goods are unable to do so.