Lecturer: Miljen Matijašević G10, room 6/I, Tue 11:30-12:30 Session 5, 14 Apr 2014

1. Revision of the last session 2. The Principles of Taxation

1. What does the General Tax Act regulate? 2. Who are the subjects involved in taxation? Briefly explain the role of each. 3. Explain the principle of objectivity. 4. What tax provisions apply in the taxation of taxable events? 5. What is the point of the economic approach? 6. How can tax rights and obligations cease?

 books and records  tax return  compensation (in tax obligations)  write-off  statute of limitations  tax refund  audit

Unit 2

 study the vocabulary on the following two slides and try to come up with an explanation and/or translation

 to ensue from sth  diligence  to file (a tax return)  submit (a document)  a certified translation  stipulated  at sbd’s expense  tax ordinance

 to ensue from sth – proizlaziti iz nečega  diligence – pozornost, marljivost  to file (a tax return) – predati (poreznu prijavu)  submit (a document) – predati, dostaviti  a certified translation – ovjereni prijevod  stipulated – propisan  at sbd’s expense – na nečiji račun  tax ordinance – porezni akt

 to disclose (information)  to obtain sth  designation  to deem (e.g. a provision violated)  to derive a benefit  tax liability  to rescind  a sham transaction  a concealed transaction

 to disclose (information) – otkriti  to obtain sth – dobiti, steći nešto  designation – oznaka  to deem (e.g. a provision violated) – smatrati (odredbu prekršenom)  to derive a benefit – ostvariti korist  tax liability – porezna obveza  to rescind – poništiti  a sham transaction – prividan, lažan pravni posao  a concealed transaction – prikriveni pravni posao

 In pairs, prepare a translation of Articles 5 to 11 of the General Tax Act presented in the book (pp. 4-6)

Thank you for your attention!