Question: How does zero rating differ from exemption? Is the concept of zero rating appropriate for any method of calculating tax liability other than the credit

How does zero rating differ from exemption? Is the concept of zero rating appropriate for any method of calculating tax liability other than the credit invoice method? How would you describe the equivalent concept under the other methods, for example, the addition method?

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Zero rating and exemption are two different approaches to taxing goods and services and they have distinct implications for tax liability These concep... View full answer

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