Shukhrat Isamuhamedovich Musalimov
PhD, researcher of Tashkent Institute of Finance, Tashkent, Uzbekistan
e-mail: shuhrat_m1978@mail.ru
ORCID 0000-0001-8035-0681
Abstract. Today`s main issues are relations development of entrepreneurship, ownership of means of production, ensuring the entity of the private property, calculation of property tax and transfer them to the budget. This type of tax always requires modern research and reforms. This article analyzes the essence of property tax, its calculation procedure, the organization’s importance, and its specific features. Moreover, the current situation regarding property tax collection of legal entities and individuals, the opinions of our country and foreign scientists were analyzed and recommendations on property tax collection were formulated.
Furthermore, in this article was done a deep analysis of the current taxation system of Uzbekistan and it compared with the world`s leading country taxation systems and made conclusions according to the current research.
In addition, the article examines approaches to the formation of the value of real estate taxation objects of legal entities and individuals in foreign countries and the establishment of tax rates. The analysis of real estate tax receipts in developed countries has been carried out, and general trends in property taxation of legal entities and individuals have been identified. The main provisions on which modern real estate taxation systems of legal entities and individuals are based and formulated. The current problems of taxation of real estate in the Republic of Uzbekistan are identified and ways of determining the tax base are proposed, taking into account the world`s best experience. Proposals have been developed for the application of tax rates and the implementation of the principle of fairness.
Keywords: property, real estate, property tax, tax system, legal entity, individual, tax incentive, assessment.