VALUE ADDED TAX WEEK 12 TUTORIAL 1- Define Value Added Tax 2- What are the sources of information used for data matching in the tourism sector? 3- Should there be different registration thresholds for different sectors? Should there be voluntary registration? 4- If differential treatment across sectors is unavoidable, what are the rate structure and base broadening policies that maximize VAT revenue collection? 5- How can we capture the VAT on services bought online such as in tourism sector? 6- Is the reverse charge effective in mitigating missing trader fraud? Are there other solutions that could be used to address the problem? 7- Who is a produce supplier? 8- Define VAT Payable, VAT Input, VAT Output, Zero Rated Sales? 9- What's is Reverse Charge Mechanism for VAT? 10- What is the Tourist VAT Refund Scheme? 11- Who is eligible for a refund under the TVRS? 12- Identify which goods are NOT eligible for a refund