ENGLISH FOR TAXATION: KEY CONCEPTS AND TERMS

This article examines the role of taxation terminology in the functioning of modern economic systems. Particular attention is paid to the practical application of key tax-related terms in tax calculations, reporting, and compliance with tax regulations. The study analyzes how accurate and standardized use of taxation terminology contributes to transparency, reliability of financial information, and effective communication between taxpayers and government institutions. In addition, the article highlights the importance of consistent terminology in reducing information asymmetry, ensuring compliance with tax laws, and improving the quality of economic decision-making. The findings emphasize that taxation terminology should be considered not only as a theoretical concept but also as an essential professional tool in financial management and economic analysis.

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