1. English for Tax Administration IV Revision

2. Complete the following:
The Tax Administration is the administrative organization within the __________________ whose basic duty is to _________________ tax regulations and regulations concerning the payment of obligatory ____________.

3. The Tax Administration is the administrative organization within the Ministry of Finance whose basic duty is to implement tax regulations and regulations concerning the payment of obligatory contributions.

4. Translate into English:
Porezna prijava
Porezno knjigovodstvo
Povrat poreza
Porezna osnovica
Porezna obveza
Naplata poreza

5. Porezna prijava – tax return
Porezno knjigovodstvo – tax accounting
Povrat poreza – tax refund
Porezna osnovica – tax base
Porezna obveza – tax liability
Naplata poreza – tax collection

6. Complete the following:
The European Monetary System (EMS) was set up to reduce ___________ in the exchange rates between the ___________ of the member states.

7. The European Monetary System (EMS) was set up to reduce variations in the exchange rates between the currencies of the member states

8. The Treaty of Maastricht laid down a set of criteria to be met by member states if they were to qualify for the EMU. Name the Maastrticht criteria!

9. The Maastricht criteria
Curbing inflation
Cutting interest rates
Reducing budget deficits to a maximum of 3% of GDP
Limiting public borrowing (not more than 60% of the GDP)
Stabilising the currency’s exchange rate

10. Translate the following paragraph:
Inflation makes the economy less competitive, undermines people’s confidence and reduces their purchasing power. So, an independent European Central Bank was set up and given the task of setting interest rates to maintain the value of the euro.

11. Taxation in the EU
In the area of company tax, the EU has two goals: 1. preventing _________________ between member states
2.supporting the principle of __________________

12. In the area of company tax, the EU has two goals:
1. preventing harmful tax competition between member states
2. supporting the principle of free movement of capital.

13. Translate the following:
The European Commission takes action to ensure that EU citizens are not deterred from working in other EU countries by problems with transfer and taxation of pension rights.

14. ECA
The European Court of Auditors audits the accounts of the EU's ____________ and ___________, which together form the EU budget. It prepares general __________ reports and ____________ reports on certain bodies and issues.

15. The European Court of Auditors audits the accounts of the EU's income and expenditure, which together form the EU budget. It prepares general annual reports and special reports on certain bodies and issues.

16. OLAF
The European Anti-Fraud Office (OLAF) was set up in ____________ (year) to protect the EU’s financial interests and to conduct investigations against ______________ and any other _______________ affecting the EU financial interests.

17. The European Anti-Fraud Office (OLAF) was set up in 1999 to protect the EU’s financial interests and to conduct investigations against fraud and any other illegal activity affecting the EU financial interests.

18. The European Central Bank was established by the Treaty of A_______________ in _____, and it is headquartered in Frankfurt, Germany. Its main aim is to maintain price stability which is essential for e_________ g_________ and j___ c___________ – two of the European Union’s objectives – and it represents the most important contribution m_________ p___________ can make in that area.

19. The European Central Bank was established by the Treaty of Amsterdam in 1998, and it is headquartered in Frankfurt, Germany. Its main aim is to maintain price stability which is essential for economic growth and job creation – two of the European Union’s objectives – and it represents the most important contribution monetary policy can make in that area.

20. Thank you!