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zero-rated goods and services


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Goods and services that are taxable for value added tax purposes but are currently subject to a tax rate of zero. These differ from exempt supplies in that the VAT attributable is allowable for input tax credit. Zero-rated supplies include: most food items, sewerage and water services for non-industrial users, periodicals and books, certain charitable supplies, new domestic buildings, transport fares for vehicles designed to carry not less than 10 passengers, banknotes, drugs and medicines, clothing and footwear for children, all exports.

most food items,

sewerage and water services for non-industrial users,

periodicals and books,

certain charitable supplies,

new domestic buildings,

transport fares for vehicles designed to carry not less than 10 passengers,

banknotes,

drugs and medicines,

clothing and footwear for children,

all exports.

Subjects: Law — Financial Institutions and Services.


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