Ulugbek Tulakov,
PhD, Department of Finance, Termez State University,
Termez, Uzbekistan. Email: tulakov77@mail.ru
https://orcid.org/: 0000-0003-3151-1930
Abstract. The article describes the cases of inefficient or purposeless use of a number of benefits introduced in recent years to help people start their own business, help poor enterprises or remote areas “stand up” and enter new export markets, create new jobs, and ultimately increase the income of the population. . It is stated that the introduction of benefits should be in accordance with the principles of social justice, that tax benefits cannot have an individual character. Therefore, a new approach to the study of tax incentives in the tax system of our country is necessary. In our country, it is envisaged to establish effective incentives for real estates, which, on the one hand, removes the problem of excessive tax burden from low-income and “socially unprotected” citizens, and on the other hand, does not contradict the goals of real estate tax reforms implemented in our country. It also preserves the fiscal potential of property tax and guarantees an equal and fair approach to taxation. Unfair provision of property tax benefits can also lead to tax evasion by citizens. But, on the contrary, well-designed incentives can avoid many of the problems associated with the inefficiency of this tax. The purpose of the introduction of benefits is to ensure the fairness of taxation, together with other components of property tax and its management mechanisms. Real estate tax exemption is a clear example of the interaction of economic, political and legal factors. The existence of legislation that determines the preferential taxation of real estate indicates the need to exempt certain socially important types of property or its owners in need of social protection. At the end of the article, on the basis of the study of the experience of foreign countries, conclusions and suggestions were made regarding the elimination of cases of inefficient use of benefits based on the goals of property tax reforms in Uzbekistan.
Keywords. benefits, preferences, efficiency, monitoring, minimum consumption costs, social sphere.