Sctcmg2020FA401. docx

7.
 
Conclusion 
Ways to improve the efficiency of the formation and implementation of the budget system of the 
country we considered in other scientific papers (Khamuradov & Ibragimova, 2018), where the following 
areas were highlighted: 
1. The need to review the tax burden in the direction of reduction, primarily for producers; at the 
same time, ensure that all taxes are paid by each taxpayer in accordance with the law. 
2. The introduction of a progressive scale of taxation on personal income, as one of the important 
factors in increasing revenues in the budgets of the country's budget system. 
3. Conduct restructuring of budget revenues in order to determine the optimal combination of 
direct and indirect taxes. This will increase budget revenues by reducing shadow turnover in the 
economic sector, as the results of state financial control reveal commercial structures that reduce the tax 
base for revenue and profits in order to avoid taxes. 
In our early studies, the following measures were proposed to reform the tax system (Khamuradov 
& Tsugaeva, 2019). 
Firstly, the introduction of a progressive taxation model for personal income tax (PIT) with the 
exception of income tax base objects within the subsistence level. This model of income taxation is most 
consistent with the principles of social justice and is used in almost all industrialized countries of the 
world. 
It should be noted that the analysis of the advantages and disadvantages of introducing and using a 
progressive taxation scale as one of the possible options for reducing social differentiation over a long 
period of time is the subject of wide discussion in the scientific community, both among domestic 
scientists and among foreign economists. 
In our opinion, the proposed measures can play a decisive role in strengthening the financial 
independence of regional and local budgets, as well as increasing the disposable income of citizens of the 
country. 

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https://doi.org/10.15405/epsbs.2020.10.05.401 
Corresponding Author: Hamuradov Movsar Ahmetpashovich 
Selection and peer-review under responsibility of the Organizing Committee of the conference
eISSN: 2357-1330 
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