Current issues of the system of tax deductions for personal income tax

UDC 336.22

Authors

Morgoeva A. Kh., Morgoeva M. Kh.

Abstract

The subject of this article is the system of tax deductions. The relevance of the study is determined by the fact that the introduction and continuous regulatory settlement of issues related to the presentation of tax deductions indicates the implementation by the state of certain areas in social policy and the provision of social support to the population by the country. The proposals outlined by the authors for differentiating tax deductions from the consumer basket, living wage, equating to the minimum wage, and toughening sanctions against employers paying “gray salaries” will help increase personal income tax income. And the transition to progressive taxation is an effective tool to strengthen the social function of income tax.

Keywords

Personal income tax, tax deductions; Minimum wage; property tax deduction; standard tax deduction.