If you have been using an accounting software for your business, it is likely that you have come across these confusing 0% tax rates such as zero-rated, exempt and out of scope. This article aims at providing some clarity by explaining the differences between these tax codes.
This article addresses three frequently asked questions about Goods and Services Tax (GST) and Harmonized Sales Tax (HST) which new businesses, freelancers and self-employed individuals often ask us on consultation calls.