Text 4 local taxes and duties

Exercise 4.1 Study the vocabulary:

1) the tax on real estate	1) податок на нерухоме майно
2) public utility tax (municipal tax)	2) податок на утримання державних або муніципальних комунальних підприємств
3) tourist tax	3) податок з туризму
4) single tax	4) єдиний податок
5) resort fees	5) курортний збір
6) parking fee	6) збір за паркування автотранспорту
7) taxes on profit	7) податок на додану вартість
8) payroll tax	8) податок із заробітної плати

Exercise 4. 2 Read and translate the text:

Under state and local laws, businesses and individuals pay many kinds of taxes: state and city income taxes (individuals pay graduated income taxes), social insurance and other payroll taxes, unemployment taxes, real-estate taxes. Businesses pay taxes on profits and capital, turnover taxes, export/import taxes, excise taxes, sales taxes and of course, value-added taxes.

The fiscal system of Ukraine includes taxes, other compulsory payments to the budget and state purpose-oriented funds. The system of taxes includes general state and local taxes and duties. General state taxes: payments with the same mechanism of performance all over the territory of Ukraine. As for local taxes, these are listed in Article 10 and Section XII “Local taxes and duties” of the Tax Code. The local mandatory payments include :

1. The tax on real estate other than land;

2. Single tax;

3. The fee for the implementation of certain business activities;

4. The fee for parking vehicles;

5. Tourist tax.

Earlier, local taxes included tax on advertising, municipal tax, fees for parking of vehicles, market fee, resort fees, payment for participation on the races in hippodromes, payment for prize on the races in a hippodrome, fees for use of a local symbolism, payment for shooting films, and payment for holding local auctions, competitive sales and lotteries.

On January 1, 2011 Ukraine enacted a law “On the collection and a single fee for obligatory state social insurance” which introduced a single social contribution, bringing together the various contributions to the social fond (pension, unemployment insurance, accident at work, and for temporary disability).

Each Council (Rada) possesses the right to independently determine benefits, rates and dates of local payments.

Exercise 4.3 Read the text again and match the equivalents:

1. Horse racing fees	a) збір за право використовувати місцеву символіку
2. Fees charged for permission to establish trade and service facilities	b) податок з реклами
3. Tax on advertising,	c) збір за дозвіл розміщення об’єктів торгівлі та сфери послуг
4. The tax collected for using local symbols	d) збір за участь у скачках
5. The duties imposed on filming motion picture and television programs	e) збирати податки, податковий
6. The duty imposed on holding local auctions, competitive sales and lotteries;	f) збір за проведення місцевого аукціону та лотерей
7. The duty imposed on vehicles going abroad and crossing the frontier zone	g) збір за дозвіл знімати фільм чи телевізійну програму
8. Fees for permission to lease a private apartment	h) курортний збір
9. Resort fees	i) збір на видачу ордера на квартиру
10. To levy, tax levy	j) збір, який платиться у пунктах перетину державного кордону

Exercise 4.4 Read the text and match word combinations from the text:

1. Social	f) films
2. Fiscal	h) tax
3. Compulsory	i) payments
4. Purpose- oriented	b) rates
5. Single	a) dates
6. Resort	d) auctions
7. Hotel	e) funds
8. Local	g) fees
9. Advertising	j) insurance
10. To shoot	c) system

Exercise 4.5 Read the text and choose the best to complete the sentence:

1. Under state and local laws, businesses and individuals pay many kinds of ….

a) money;

b) taxes;

c) charge cards;

2. The fiscal system of Ukraine includes taxes, other compulsory payments to the budget and …..

a) charitable organization;

b) the parliament;

c) the purpose- oriented funds;

3. The system of taxes includes general state and ……

a) the license tax;

b) a gift tax;

c) local taxes and duties;

4. Each Council (Rada) possesses the right to independently determine benefits, rates and….

a) business income;

b) dates of local payments;

c) customs duties;

5. Local authorities impose….

a) value added taxes;

b) corporate taxes;

c) local taxes;

Exercise 4.6 Read the last paragraph of the text and fill in the gaps:

On January 1, 2011 Ukraine …1.. a law “On the collection and a single fee for …2…. state social insurance” which introduced a …3…. social contribution, bringing together the various …4… to the social fond (pension, …5….. insurance, …6… at work, and for …7.. disability).

Each Council (Rada) possesses the …8.. to independently determine …9…, rates and dates of local …10….