INDIVIDUAL ISSUES REGULATION OF TAX ON INCOME OF PHYSICAL PERSONS
Journal Title: Право та інновації - Year 2018, Vol 1, Issue 21
Abstract
Problem setting The tax on incomes of physical persons together with other taxes often undergoes changes. Almost every year the legislator provides for new tax rates and changes the base. Such innovations significantly affect the size of personal income tax and, accordingly, the financial condition of citizens, so this information needs to be delivered on time and correctly to the payer, in order to avoid possible problems with paying the tax. Analysis of recent researches and publications. In the study of the problem, many works of scientists were used, such as, L.P. Sidelnikova, I.Ya. Chugunov, but even more legislative acts were applied. However, despite a significant list of scientific publications devoted to this scientific problem, it should be noted that, on the one hand, changes in the mechanisms of taxation of citizens' incomes caused by the adoption of a number of regulations and, on the other, aggravation of the problems of ensuring an adequate standard of living for the population and taxation of their income requires deepening scientific research problems of levying tax on personal income. Target of research. The main target is to provide a comprehensive legal characteristic of personal income tax, which exists at the present time. For this purpose, it is planned to perform the following tasks: 1) analyze the prerequisites for making changes in the GCC; 2) identify the problems that arise in connection with the application of the new provisions of the law; 3) to analyze the foreign experience in the settlement of personal income tax and, possibly, certain shortcomings in its legal system for the regulation of personal income tax. Article’s main body. It should be emphasized that the issues concerning the new legal mechanism of personal income tax really require scientific research, because among the public of Ukraine, for lack of awareness, a wave of discontent and misunderstanding of the new tax regulations has risen. The tax on incomes of physical persons together with other taxes often undergoes changes. Almost every year the legislator provides for new tax rates and changes the base. Such innovations significantly affect the size of personal income tax and, accordingly, the financial condition of citizens, therefore this information needs to be timely and correctly conveyed by the payer in order to avoid possible problems with the payment of tax. Conclusions and prospects for the development. In my opinion, on the basis of a critical assessment of foreign experience, I consider it expedient to apply such recommendations to Ukraine on the question of personal income tax: the establishment of a minimum tax social benefit at the level of the subsistence minimum for an able-bodied person; even more full realization of the potential of progressive taxation of incomes of citizens; introduction of clear rules and terms for filing tax reports; establishment of enhanced monitoring and control of income and property status of the taxpayer.
Authors and Affiliations
S. S. Volkova
Keywords
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