Business Terms and Jargon Explained

What is Free Zone

Tax Definition:-

A designated and approved area where imported goods may be stored without payment of VAT or import duty.

� Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-12-03 23:15:08

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.