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 ?
This report will flag up the effects of the registration threshold, how entry into the VAT system might be smoothed and many other areas where simplification would be beneficial, particularly the complex and often subjective boundaries between those supplies which are standard rated and those which fall within the reduced or zero-rates or which are exempt.
Takebe said the zero-rate policy is intended for emergency circumstances and should not be implemented during normal times.
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.
6 percent are opposed to the end of the zero-rate policy by the year-end.
While reiterating that the zero-rate policy of guiding the key unsecured overnight call rate to near zero is an emergency measure, Hayami said the BOJ will maintain its easy monetary stance to support the nation's economic recovery.
electricity, gas, furnace oil and coal by the five export-oriented, are to be subjected to zero-rate of sales tax.
It was announced in the budget in March that the zero-rate of VAT will be withdrawn for approved alterations to listed buildings from the 1st October 2012.
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.
said, ''The BOJ is likely to increase downward pressure on interest rates by stressing that the zero-rate policy will last in the long run.
11 board meeting, the government opposed the removal of the zero-rate policy.
The Bank of Japan (BOJ) is highly likely to revive the zero-rate policy when its Policy Board meets Monday, in order to prop up the flagging Japanese economy amid plunging stock prices in the world, central bank sources said late Wednesday.
But he added that the central bank must use caution in lifting the zero-rate policy by scrutinizing economic conditions, including employment and income.