Zero-rate

Quick meaning: Zero-rate is a verb meaning (transitive) To subject (a good) to no value-added tax when sold (but in which the supplier can still recover VAT attributable to it).

Meaning

(transitive) To subject (a good) to no value-added tax when sold (but in which the supplier can still recover VAT attributable to it).

More Meanings

1. (transitive) To provide Internet access without financial cost under certain conditions, such as by permitting access to only certain websites, by subsidizing the service with advertising, or by exempting certain websites from data allowances.

Example Sentences

For example, zero-rating machinery invites attempts to redesignate as such other machinery likely to be used by exempt traders.

Local firms have also been for long objected that Ugandan illegally introduced a 12 per cent inspection fee in 2017 for Kenya’s pharmaceutical exports while it zero-rated Uganda- made^([sic]) drugs.

We have to balance either zero-rating some of the goods or distributing them through spending. There are certain goods, however, that even if you zero-rated them, the poor still cannot afford them yet they are essential then we distribute them through spending.

Word Forms

• zero-rates
• zero-rating
• zero-rated

Related Words

Related dictionary entries include evergreen, break even, unmonetise, no crime, unmonetize, zero.

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