Zero-rated is a term that is commonly used in the financial and taxation sectors, referring to a tax rate of 0%. However, there are other words and phrases that can be used to describe this specific type of tax rate or transaction. Such synonyms include 'exempted', 'tax-free', 'non-taxable', and 'untaxed'. These words convey the same meaning as zero-rated, but may be used interchangeably depending on the context. In general, it is important to understand the various terms used in taxation to avoid any confusion or misunderstanding. Being familiar with these synonyms will help in properly documenting financial transactions and accurately reporting them for tax purposes.