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Accounting Z
 
Zaibatsu
Zero-rated
Zero-rated (VAT)
Zoning
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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Zero-rated VAT

 

Zero-rated (VAT)

Goods or services included in the value-added tax system, with a value-added tax (VAT) rate of zero. Firms can reclaim VAT on inputs to zero-rated goods. These are distinguished from VAT-exempt goods and services which are outside the VAT system, so that VAT on inputs cannot be reclaimed.

Reference: Oxford Press Dictonary of Economics, 5th edt.