JAVNE FINANSIJE

After passing the exam, the student will be able to: - define, recognize and describe the system of public finance and the basic institutions of public finance such as taxes and the budget; - defines, groups and lists the characteristics of public revenues, describes the genesis of certain public revenues, especially taxes as the most important public revenue of modern states; - explain the basic elements of tax law of modern countries, goals, effects of taxes, tax terminology, tax principles, double taxation, tax avoidance as well as other issues of tax law and their application in practice; - recognize and define the key elements of individual tax forms (eg income tax, profit tax, value added tax, property tax) on a theoretical and practical level; - explain the place, role and importance of the budget and budget law in the system of financing public needs, especially to explain the budget principles and their place in theory and practice; - explain the procedure of drawing up, passing and executing the budget, understand the control of the spending of budget funds, and especially to distinguish the types of budget control and its importance for the budget law of modern states.