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zero-rate

 

Definitions from the Web

Zero-Rate

Definition:

Zero-rate refers to the act of exempting a product or service from tax or applying a tax rate of zero percent.

Part of Speech:

  • Noun
  • Verb

Senses and Usages:

  1. Noun: The condition or rate of not applying any tax on a particular product or service.
  2. Example sentence: The government introduced a zero-rate on essential food items to alleviate the burden on low-income families.

  3. Verb: To subject a product or service to a zero tax rate.
  4. Example sentence: The company has decided to zero-rate their educational software for a limited time.

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