Complete the notes below. Write ONE WORD AND/OR A NUMBER for each answer.
Introduction to Taxation
To certify income
enough 31. ……………….. is needed, including:
wage statements
independent freelancer statements
invoices
32. ……………….. statements
A tax year
starts from 33. ………………..
requires a statement of employment from 34. ………………..
Penalty for failing to pay tax
the maximum amount is 35 $ ………………..
Tips
Tax rate will be changed when buying a 36. ………………..
37. ……………….. for one single kind of tax is easier
Online tax service
Information occupies small 38. ……………….. space
Fewer 39. ……………….. are made
A 40. ……………….. is helpful to find the right kind of form
Keys
Questions 31–40
31. evidence 32. bank 33. April 34. employers 35. 3,000 36. car 37. calculation 38. storage 39. mistakes 40. questionnaire
Transcript
Mr. Dawkins:
Hello all, and thank you for attending tonight’s presentation.
I’m Mr. Dawkins from the Central Government Tax Agency, and I’m here to provide information about filing and paying your taxes.
To begin with, when preparing to file your taxes, you must provide adequate evidence that confirms your actual income.
This documentation should then be submitted to the local authority. You can’t just estimate or guess your income — doing so may result in significant penalties.
Income can come in different forms, such as wage statements or independent freelancer statements.
Currently, in addition to invoices, we also accept bank statements as proof of income.
Our tax period usually spans one year. Although this may vary by state, here it runs from April to the end of March the following year.
During this period, all of your employers are required to provide you with a wage statement.
If you haven’t received it within a month after the fiscal year ends, you should contact us — we’ll follow up and request that your employer sends it.
However, employment statements must be requested directly from your employer, as we cannot assist with that.
Failure to file or pay your taxes, or attempts to evade tax responsibilities, is punishable by law.
In some cases, if you don’t file an annual tax return, you could face a penalty of up to $3,000.
So it’s crucial that you file your taxes promptly — the government takes this seriously.
Everyone should be sure to file on time.
Now that you have a basic understanding of taxation, I’d like to share some additional helpful tips.
If you purchase a new car during the tax period, you’ll need to determine the latest tax rate and pay a line item tax on it.
For first-time tax filers, I recommend you avoid tackling multiple types of taxes initially.
Start with just one — it will make the calculation much easier.
Also note: most people now use computers to manage their taxes.
When using a computer or subscribing to an online tax service, you’ll find several advantages over in-person filing.
One major benefit is that you can save your progress and resume preparation later.
Tax data doesn’t require much storage space, so there’s no concern about your device running out of room.
Moreover, online filing significantly reduces the chance of mistakes.
Most platforms include automated checks to make sure you don’t miss any required information.
Traditionally, you would visit the tax office, speak with staff, and fill out physical forms.
Now, however, you can simply download the forms from our website.
If needed, you can also complete a short questionnaire, which will guide you on which forms to fill out.
And if you’re stuck, you can call our support team and speak with someone directly.
Thank you once again for attending tonight’s presentation.
Please remember: my colleagues and I at the Central Government Tax Agency are always happy to assist you with your tax preparation or answer any questions you may have.
