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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
But the survey also found that 39.6 percent are opposed to the end of the zero-rate policy by the year-end.
The previous record-low prime rate was 1.90% set March 8 to match the low seen in May and June of 1999, when the central bank took the zero-rate policy of guiding the overnight call money rate to nearly zero.
"We have a consumer-friendly VAT law in Bahrain because of a wide range of items either exempted or charged zero-rate," he said.
The economists said an easy return to the zero-rate policy could prove counterproductive, undermining the credibility of the central bank's monetary policy.
The stock and currency markets have been relatively stable since the zero-rate policy was removed, while long-term interest rates are hovering around 1.8% nowadays, despite earlier expectations that they would rise above 2%.
According to officials, a dominant group having interest in the stationery industry persuaded the government to withdraw the exemption regime and reinstate zero-rate sales tax facility starting July 1st.
"The government should return local taxes and levies on exports to ensure a complete zero-rate regime," he stressed.
Alternatively, for commercial reasons businesses may be forced to zero-rate intra-EU supplies even though the strict conditions for zero-rating cannot be satisfied and even though such an approach may expose the supplier to penalties and interest.
''We are not insisting that the zero-rate policy be restored,'' Muto told a regular press conference.
Two-thirds of the executives of the Federation of Economic Organizations (Keidanren) are in favor of the Bank of Japan (BOJ) maintaining its zero-rate policy, Japan's most powerful business lobby said Tuesday.
Reports of profiteering tripled following the government's move to zero-rate the Goods and Services Tax (GST), said Domestric Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail.