PART I: VAT CASE STUDY:
Structure of the GROUP report: 2,500 words, showing evidence of research and covering the following topics.
Introduction
- What is the Value Added Tax and what is the rationale behind applying it?
- In which countries is it applied?
- What are the products on which it is applied?
Implications of applying the VAT tax system in UAE
- Implications of forthcoming VAT for consumers and businesses.
What are the pros and cons of applying the VAT in UAE.
- Administrative and institutional obstacles in the way of its implementation in UAE.
Conclusion
- Practical suggestions/recommendations for implementation of VAT in UAE based on your understanding from the research conducted.
Evidence of research
PART II: WRITTEN DEFENSE RELATED TO THE VAT CASE
In addition to the group report, students are to individually write a defensereport between 500 to 1,000 words to answer the following three questions:
- What did you learn from researching the VAT topic?
- What is the government of UAE doing to pave the ground for the application of VAT?
- How will the payment of the VAT affect you personally?
Refer to the below rubric to seek guidance for Part I (1 to 4) and Part II (5& 6).