zero-rated Meaning in the Cambridge English Dictionary

Meaning of “zero-rated” in the English Dictionary

"zero-rated" in Business English

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uk   us   TAX
relating to ​goods and ​services on which no salestax is ​paid when they are ​bought: Donated ​goods are zero-rated for ​VATpurposes.
verb [T]
The new ​policy zero-rates fresh fish used as bait.
noun [U]
(Definition of zero-rated from the Cambridge Business English Dictionary © Cambridge University Press)
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“zero-rated” in Business English

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