1. Make a diagram or flowchart 1.

2. Start with a VAT-registered person selling to another VAT-registered person and last to the ultimate consumer.

3. Compute the Input Vat, Output Vat and Vat payable in each transaction , if applicable

4. Make another diagram or flowchart 2.

5. Start from a VAT-Exempt person transacting to a VAT-registered person. From the VAT-registered, two transactions happen 1) Export sale and 2)Local sale.

6. Compute the Input VAT, Output VAT and VAT payable in each transaction, if applicable

7. Presentations similar to real business transactions will be appreciated.