Outline*:

1. Financial law regulates relations in the process of formation of the monetary system and system of financial institutions, as well as financial state activity.

Financial state activity is activity of a state in organization of the monetary system, also formation, distribution and usage of state financial funds.

2. Methods of state funds formation and distribution.

Methods of formation:

• compulsory and irrevocable withdrawal of money (?)

• compulsory and revocable (?)

• voluntary and irrevocable (?)

• voluntary and revocable (?)

• on the base of state services realization (?)

• use of income from state economic activity (?)

• issue (?)

Methods of distribution:

• financing (?)

1. dotation

2. subvention

3. subsidy

• crediting (?)

• fulfillment of financial obligations (?)

3)

M ethods of legal regulation

Imperative Dispositive

4. The system of the Financial law: General and Particular parts.

5. Financial legal norms: obliged, forbidden and authorized.

6. Legal base of the monetary system:

• monetary unit

• types of banknotes

• order of issue

• currency regime

• order of monetary circulation

7) Financial instruments: denomination, devaluation, and revaluation.

Glossary:

№	На русском языке	На казахском языке	На английском языке
1	Финансовое право	Қаржылық құқық	Financial law
2	Бюджет	Бюджет	Budget
3	Кредит	Несие	Credit
4	Денежная система	Қаржылық жүйе	Monetary system

Task for IWS: Make up a report on state monetary funds.

Task for IWS under teacher’s control: Study methods of formation and distribution of monetary funds.

The list of the reference: Constitution of the Republic of Kazakhstan (1995), 2005 / Г.С. Сапаргалиев. Основы государства и права Республики Казахстан, Алматы, 2004. / Казахстан, Алматы. / А.И. Худяков. Финансовое право Республики Казахстан, Общая часть, 2002, стр. 45.

KAZAKH-AMERICAN UNIVERSITY HAND-OUTS Principles of law. Faculty of Economics and Law 2 credits Fall 1st year / AB group Lecture #9: Principles of the tax law. Instructor: Kuatova Aida Sh., ass. Prof.

Outline*:

1. Tax law is a unity of legal norms, which regulate public relations in connection with tax activity of the state.

2. Sources of the tax law:

• Constitution

• RK code “Of taxes and other obligatory payments to budget” (Tax code)

• Regulatory legal acts adopted by RK Parliament and Government

• Regulatory legal acts adopted by the Ministry of state income

3) Types of taxes:

- Corporate income tax.

- Individual income tax.

- VAT

- Excises.

- Taxes and special payments for oil producers.

- Social tax.

• Land tax

• Transport tax

• Property tax

• Special tax regime for subjects of small scale business

• Special tax regime for farmers