zero-rated


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zero-rated

denoting goods on which the buyer pays no value-added tax although the seller can claim back any tax he has paid
References in periodicals archive ?
Prior to TRAIN, local transactions made by Peza-registered firms were subject to zero-rated VAT, a perk which many see as an encouragement to source their supply needs locally.
Compared to the amendment on zero-rated sales and transactions, Malacaaang retained the provision on the enhanced VAT refund system.
As a transitional period, all intra-GCC supplies will be considered zero-rated until VAT is officially implemented in the remaining member nations and the central GCC-wide electronic VAT system is established.
As per the regulations, transporting passengers into or out of the UAE by sea or air is zero-rated.
The main educational services and related goods and services supplied shall be zero-rated, if supplied by any of the following 'qualifying educational institutions':
The below table outlines all supplies that will be subject to the 5% VAT, as well as zero-rated supplies and exempt supplies.
The first supply of a new residential building within the first three years of it being constructed shall be zero-rated.
Services, provided to a nonresident, of acting as an agent or arranging for, procuring, or soliciting orders for the nonresident may also be zero-rated, provided certain conditions are met.
Quebecor and other carriers offering zero-rated services will have 90 days to comply with the new rules.
However, the revival of zero-rating facility has heavily impacted the sales tax collection of the FBR since July 1, 2016, while revenues of around Rs17 billion had been lost due to zero-rated sales tax facility.
The Federal Board of Revenue (FBR) formally notified the grant of zero-rated facility to the export sectors.
We focused initially on the "dirty dozen", the 12 food businesses which had been zero-rated by the Food Standards Agency(FSA).