Zero-rated supply

In economics, zero-rated supply refers to items subject to a 0% VAT tax on their input supplies. The term is applied to items that would normally be taxed under valued-added systems such as Europe's Value Added Tax (VAT) or Canada's Goods and Services Tax (GST). Examples of these items include: most exports, basic groceries, and prescription drugs.

References[]

• Tax and Trade Law - Introduction to GST
• Zero Rated Supply (European VAT)
• [1]

External links[]

• Radburn Financial's Definition of Zero-Rated (Canada)

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