INTERNATIONAL MODELS OF PERSONAL INCOME TAXATION AND THEIR ADAPTATION IN THE CONTEXT OF UZBEKISTAN’S ECONOMIC TRANSFORMATION
Abstract
This article presents a comparative analysis of personal income tax systems and collection mechanisms in various countries. It examines tax rates, benefits, declaration procedures, and payment methods, and analyzes their socio-economic impact. Special attention is given to the influence of progressive and proportional taxation on fair income distribution, as well as the role of taxes on investment income. The article substantiates the prospects of applying international practices to improve Uzbekistan’s tax system. The efficiency and fairness of personal income tax collection mechanisms are analyzed in terms of economic stability and budget revenues.
Keywords
personal income tax, progressive tax rate, tax system, tax benefits and deductions, tax declaration, capital gains tax, tax policy, budget revenues, tax reform.
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