December 12, 2007 at 3:48 pm
#756319
Inactive
it’s about VAT zero-rating , more here
2.2 Why does zero-rating apply to exports?
VAT is a tax levied on goods and services consumed in the EC. When goods are exported they are “consumed” outside the EC and to impose VAT on such goods would be contrary to the purpose of the tax. Therefore, the supply of exported goods is zero-rated provided certain conditions are met.