zero-rate

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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.
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.

zero-rate

vb (tr)
(Commerce) commerce Brit to rate at a VAT level of zero
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
Furthermore, Data Perks only zero-rates small amounts of data.
To ensure that exports are not subject to GST/HST, the GST legislation zero-rates (i.e., taxes at the rate of zero percent) certain exports.
The Export Schedule zero-rates supplies of goods made in Canada (other than supplies made to consumers) if all the following conditions are met:
The Export Schedule also zero-rates a number of services that are performed in Canada for nonresidents.
One of the arguments is that 'public transportation' only means transportation services provided by a government body such as the Roads and Transport Authority (RTA) for the public at large and thus, a bus will qualify for zero-rate only when supplied to the RTA.