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Zero-rated supply

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This is an old revision of this page, as edited by BlueSingularity (talk | contribs) at 14:47, 25 March 2020 (Replaced "nil" with 0%; cleaned up sentence.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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.

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