zero-rated(redirected from Zero-Rated Service)
Also found in: Financial, Encyclopedia.
Related to Zero-Rated Service: Zero Rated Goods and Services
tr.v. ze·ro-rat·ed, ze·ro-rat·ing, ze·ro-rates Chiefly British
To exempt from paying a value-added tax.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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
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