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What is zero rated for VAT?

Alexander Reed | 2023-05-07 14:52:32 | page views：1411
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Benjamin Lopez

Works at the International Air Transport Association, Lives in Montreal, Canada.
In economics, zero-rated supply refers to items that are taxable, but the rate of tax is nil 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).
2023-05-09 14:52:32
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Isabella Clark

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In economics, zero-rated supply refers to items that are taxable, but the rate of tax is nil 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).
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