zero-rated Definition in Cambridge Business English Dictionary
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Definition of "zero-rated" - Business English Dictionary

zero-rated

adjective
 
 
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. →  Compare standard-rated
zero-rate verb [T] zero-rating noun [U]
(Definition of zero-rated from the Cambridge Business English Dictionary © Cambridge University Press)
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