Finance and financial system

Notes:

      “Inland Revenue” – Налоговая Служба; Солиқ хизмати

         arrangements – меры, мероприятия; чоралар, тадбирлар

         value added tax – VAT – налог на добавленную стоимость – НДС; қўшилган қиймат солиғи

         withholding tax – налог с суммы дивидендов; дивидентга солиқ

Ex 1. a) Think of the nouns that are most often used with:

         to levy                  to impose             to avoid

         to collect               to pay                   to evade

         to tax                    to reduce              to exempt

         b) Think of the verbs that are commonly used with:

         tax                        revenue                effects

         taxation                claim                    burden of taxation

         profits                  tax rate                 income

Ex 2. Demonstrate the meaning of the following expressions in sentences of your own: