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Definition of “zero-rated” - English Dictionary

"zero-rated" in Business English

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zero-ratedadjective

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.
zero-rate
verb [T]
The new policy zero-rates fresh fish used as bait.
zero-rating
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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