English for Tax Administration IV

General info Lecturer: dr. sc. Marijana Javornik Čubrić Classes: Tuesday 11:30-12:30 Office hours: Tuesday 10:00 – 11:00, Room No. 6 Contact: marijana.javornik@pravo.hr

Coursebook M. Javornik Čubrić, English for Tax Professionals, Narodne novine, 2018 Units 10-18

Topics Unit 10 Tax Administration Unit 11 Electronic Commerce Act   PART III: TAXES IN THE EUROPEAN UNION Unit 12 Treaty on the Functioning of the European Union Unit 13 Economic and Monetary Union and the Euro The Failure of the Euro Unit 14 Taxation in the European Union Unit 15 European Court of Auditors Unit 16 OLAF Unit 17 European Central Bank Unit 18 Double Taxation in the European Union

Course outline Feb. 27 Introduction and revision of the Croatian tax system March 6 The Tax Administration March 13 The Treaty on the Functioning of the EU March 20 Economic and Monetary Union and the Euro March 27 Taxation in the EU April 3 The European Court of Auditors April 17 OLAF April 24 The European Central Bank May 8 Double Taxation in the EU May 15 Revision; sample test May 22 Mid-term examination May 29 Final revision and signatures

Presentations 1-3 students Duration: up to 15 minutes At least two sources (one written) Notes allowed; reading is not Draft to be sent one week in advance Substitute for the oral part of the examination

Suggested topics Changes in the Croatian tax system Croatia in the EU EU today Brexit European Monetary Union Taxation in various European countries Tax havens

Revision

Croatian tax system Croatian tax system includes the following taxes: Corporate ________ tax ___________ income tax Value-_______ tax Special taxes (________ duties) Real estate _______ tax Levies on the organisation of ____________

Croatian tax system includes the following taxes: Corporate income tax Personal income tax Value-added tax Special taxes (excise duties) Real estate transfer tax Levies on the organisation of games of chance

VAT Old VAT rates: 0, 10, 23% New VAT rates: 0, 13, ___ Croatia raised VAT for ________ in 2013 when it joined the EU at the start of 2013. Old VAT rates: 0, 10, 23% New VAT rates: 0, 13, ___

Old VAT rates: 0, 10, 23% New VAT rates: 0, 13, 25% Croatia raised VAT for 2% in 2013 when it joined the EU at the start of 2013. Old VAT rates: 0, 10, 23% New VAT rates: 0, 13, 25%

PIT PIT is paid on worldwide income in case of _____________ in Croatia. Two types of taxpayers are: _____________ and __________ PIT is based on the income earned for _________ work, _________ activities and from ___________ rights

PIT is paid on worldwide income in case of tax residency in Croatia. Two types of taxpayers are: residents and non-residents PIT is based on the income earned for paid work, independent activities and from property rights

Excise duties Excise duties are paid on certain products, such as….

Oil, tobacco products, alcoholic and non-alcoholic beverages, beer, coffee, automobiles and other motor vehicles, vessels and aircraft, luxury products

Real estate transfer tax Taxpayers: Tax base: Tax rate:

Taxpayers: buyers of real property Tax base: market value of the real property Tax rate: 4%

Translate the following terms into English: Izbjegavanje poreza Utaja poreza Porezna olakšica Oslobođenje od poreza Porezna obveza Porezni propisi

Izbjegavanje poreza – tax avoidance Utaja poreza – tax evasion Porezna olakšica – tax benefit Oslobođenje od poreza Porezna obveza – tax liability Porezni propisi – tax provisions

Translate the following terms into English: Porezni obveznik Porezna osnovica Pravo na očitovanje Poduzetnička sloboda Trošarina Povrat poreza na dodanu vrijednost Stopa prireza

Porezni obveznik - taxpayer Porezna osnovica – taxable base Pravo na očitovanje – right to declaration Poduzetnička sloboda – entrepreneurial freedom Trošarina – excise duty Povrat poreza na dodanu vrijednost – VAT refund Stopa prireza – surtax rate

Translate into Croatian: Natural person Right to appeal Non-disclosure obligation Legally binding decision Real estate transfer tax Taxable transaction Taxable activity

Natural person – fizička osoba Right to appeal – pravo na žalbu Non-disclosure obligation – obveza čuvanja porezne tajne Legally binding decision – pravno obvezujuća odluka Real estate transfer tax – porez na promet nekretnina Taxable transaction – oporezivi pravni posao Taxable activity – oporeziva djelatnost

Complete the text with the words below: legal, free, invested, domestic, foreign Entrepreneurial freedom and a _______ market are the foundations of the Croatian economy. The Republic of Croatia guarantees the same _______ position on the market to all entrepreneurs, both ________ and foreign. The Republic of Croatia also guarantees to ________ investors that they may take their profits and _________ capital out of the country at any time.

Entrepreneurial freedom and a free market are the foundations of the Croatian economy. The Republic of Croatia guarantees the same legal position on the market to all entrepreneurs, both domestic and foreign. The Republic of Croatia also guarantees to foreign investors that they may take their profits and invested capital out of the country at any time.

Complete the statements: The General Tax Law regulates ____________________. Parties to tax law relations are obliged to act in _____________. Special taxes on certain products are also called _________. The tax base for VAT is the sales price of all goods _________ or services _________.

The General Tax Law regulates the legal relations of taxpayers and tax authorities. Parties to tax law relations are obliged to act in good faith. Special taxes on certain products are also called excise duties. The tax base for VAT is the sales price of all goods delivered or services performed.

Translate the following: VAt taxpayer is any legal and natural person (entrepreneur) delivering goods or performing services. Any importer or exporter of goods is also a taxable person.

Thank you for your attention!