Text 3 National taxes and obligatory payments

Exercise 3.1 Study the vocabulary:

1) Value Added Tax	1) податок на додану вартість
2) Excise Duty	2) акцизний збір
3) Enterprise Profit Tax	3) податок на прибуток підприємства
4) Personal Income Tax	4) податки на прибутки фізичних осіб
5) State Duty	5) державний збір
6) Real Estate Tax	6) податок на нерухоме майно
7) Land Fees	7) податок на землю
8) Trade Tax	8) податок на торгівлю

Exercise 3.2 Read and translate the text:

National taxes, duties and obligatory payments established by the Supreme Rada of Ukraine and collected throughout the territory of Ukraine, and the order of their including into a budget of certain level is determined according to the taxlegislation in force and the Law of Ukraine On State budget of Ukraine for the appropriate year. According to the Tax Code of Ukraine, which entered into force on January 1, 2011charged the list of state and local taxes and fees. Taxes in the art. 9 Tax Code contains the following list of national taxes and charges:

1. Income tax expense;

2. The tax on personal income;

3. Value Added Tax (VAT);

4. Excise tax;

5. The for the fist registration of the vehicle;

6. Environmental tax;

7. Annuity payment for transportation of petroleum products by the main oil and product pipelines for transit transportation via pipeline of natural gas and ammonia on the territory of Ukraine;

8. Annuity payment for oil, natural gas and ammonia on the territory of Ukraine;

9. Royalties

10. The fee for the land;

11. The fee for use of radio frequency resource;

12. The fee for special use of water;

13. The fee for special use of forest resource;

14. Fixed agricultural tax;

15. Gathering on the development of viticulture horticulture and hop;

16. Duty (governed by the customs law);

17. Gathering in the form of targeted supplements to the current tariff for electricity and thermal energy;

18. Gathering in the form of targeted supplements to the existing natural gas tariff for consumers of all forms of ownership.

In order to have an effective tax system, government must have criteria or standards. One such criterion is that a tax enough revenue.

A second criterion is clarity. Tax laws should be written so that both the taxpayerand tax-collector can understand them. This is not an easy task but people seem to be more willing to pay taxes, when they understand them. A third criterion is easy of administration. A tax should be easy to collect. It should be not require a large enforcement staff and it should be designed so that citizens find it hard to avoid. This criterion also includes convenience and efficiency. That is the tax should be administered at the lowest possible cost. A final criterion is fairness. Taxes should be imposed justly. However, this is hard to do because people do not always agree what is or is not fair when it comes to taxes.

Exercise 3.3 Read the text and match the equivalents:

1. Fee for geological prospecting work carried out at State budget’s expense	a) збір на обов’язкове соціальне страхування
2. Fees for special use of natural resources	b) збір за геологорозвідувальні роботи, які виконуються за рахунок державного бюджету
3. Payment for environmental pollution	c) збір за забруднення навколишнього середовища
4. Chernobyl fund	d) Чорнобильський фонд
5. Fees for compulsory social insurance	e) збір за спеціальне використання природних ресурсів
6. Fees for compulsory state pension insurance	f) фіксований сільськогосподарський податок з
7. Fees for state innovation fund	g) збір у державний інноваційний фонд
8. Payment for trade patent for some kinds of business activity	h) державне мито на імпортні товари
9. Fixed agricultural tax	i) бір на обов’язкове державне пенсійне страхування
10. Custom duty	j) плата за торговий патент та окремі види підприємницької діяльності

Exercise 3.4 Read the text again and match word combinations from the text:

1. Obligatory	a) budget
2. Tax	b) tax
3. State	c) payments
4. Appropriate	d) patent
5. Natural	e) legislation
6. Social	f) duty
7. Trade	g) year
8. Business	h) activity
9. Excise	i) insurance
10. Value-added	j) resources

Exercise 3.5 Read the text and choose the best to complete the sentence:

1. In order to have an affective tax system government must have ……

a) criteria;

b) increasing the amount of money;

c) reduce of reward for saving;

2. One such criterion of tax system is …..

a) the tax evasion;

b) a tax revenue;

c) the tax avoidance;

3. A second criterion of an affect tax system is…..

a) social insurance programmes;

b) wealth and welfare;

c) clarity;

4. The third criterion is ……

a) easy of administration;

b) enforcing laws;

c) economic stability and growth;

5. The tax criterion also includes…..

a) convenience and efficiency;

b) protection of property rights;

c) market structure;

Exercise 3.6 Read the text and choose whether the statements are true or false:

1. National taxes, duties and obligatory payment established by the Government.

2. National taxes are collected through out the territory of Ukraine.

3. In order to have an affective tax system government must have criteria or standards.

4. Taxes should be imposed justly.

5. A tax should be easy to collect.

6. The final criterion of tax system is economic stability and growth;

7. No tax system is perfectly efficiency.

8. People with high income should pay more taxes.

9. The property tax is popular with homeowners.

10. Ukraine has no the excise tax.

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