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 sales tax is paid when they are bought:

Donated goods are zero-rated for VAT purposes.
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)