zero-rated
Speech parts
1. zero-rated - Adjective
2. zero-rated - Verb
Meaning
zero-rated (not comparable)
(chiefly Britain) subject to no value-added tax when sold (but the supplier can still recover VAT attributable to it)
zero-rated
simple past and past participle of zero-rate
Examples
For instance, Kenya lifted all Value Added Tax (VAT) charges on imported solar products in 2014, and zero-rated import duty on solar imports to motivate households to adopt the cheaper and environmentally friendly energy.
In a statement, it also said the shortfall from the Goods and Services Tax (GST) which is zero-rated effective June 1, will be cushioned by specific revenue and expenditure measures to be announced in due course.
The functionality can be accessed free of charge through the zero-rated USSD menu or through the MTN app.
ZRA has withheld over US$600 million in value-added tax repayments to mining companies that have failed to provide importer documentation required to qualify them for VAT reclaim on the zero-rated copper exports.
Despite the zero-rated GST, Customs says returns still need to be filed until the SST comes into place.
However, goods produced for exports are zero-rated, which means that they are not subject to VAT and producers may even avail of tax credits.