{"id":2386,"date":"2023-01-18T10:16:35","date_gmt":"2023-01-18T10:16:35","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=2386"},"modified":"2023-01-18T10:21:40","modified_gmt":"2023-01-18T10:21:40","slug":"ways-to-increase-revenue-from-land-tax-to-ensure-the-sustainability-of-local-budget-revenues","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=2386","title":{"rendered":"WAYS TO INCREASE REVENUE FROM LAND TAX TO ENSURE THE SUSTAINABILITY OF LOCAL BUDGET REVENUES"},"content":{"rendered":"

Meyliev Obid Rakhmatullaevich<\/em><\/strong><\/p>\n

Independent researcher of Tashkent Financial Institute<\/em><\/p>\n

ORCID:0000-0002-8586-8858<\/em><\/p>\n

Abstract.<\/em><\/strong> The article illustrates the characteristics of property land tax, its importance in the formation of the revenues of local budgets, the formation of the amount of land tax according to types of taxpayers. Moreover, the current state of receipts from land tax to local budgets are investigated, as well as the existing problems in the process of performing an econometric analysis of factors affecting the revenues of local budgets and some suggestions are provided as a solution.<\/em><\/p>\n

Although, <\/em>one of the main sources of income of local budgets is land tax, their share<\/em>s<\/em> in budget revenues <\/em>are<\/em> not <\/em>significant<\/em>. Because there are still a number of problems in the land tax <\/em>within the <\/em>implementation mechanism, including the imbalances in the determination of land tax rates, problems in determining the credit rating of land, and the fact that the applied tax incentives do not have a positive effect in practice.<\/em><\/p>\n

In world practice, land tax is <\/em>one of the vital <\/em>tax <\/em>with its regulatory and financial character among<\/em> tax<\/em>es<\/em> for the use of <\/em>land <\/em>resources and environmental protection.<\/em><\/p>\n

Today, despite the establishment and implementation of a number of measures to increase the importance of land tax in our country, some problems remain, which calls for their improvement based on the requirements of the times.<\/em><\/p>\n

T<\/em>here is no possibility to assess the impact of land tax on the effective and rational use of land resources by economic entities<\/em>,<\/em> as t<\/em>aking into <\/em>consideration <\/em>the number of taxpayers and used land plots in the land tax mechanism in our <\/em>R<\/em>epublic<\/em> of Uzbekistan<\/em>. This, in turn, indicates the need to create an opportunity to determine their value during the introduction of real estate tax in our country by rationally using the positive experience of developed countries.<\/em><\/p>\n

As a result of econometric modeling of incomes of local budgets based on <\/em>P<\/em>anel models in this article, it was determined that the increase in income from land tax and the number of legal entities paying land tax is the most important factor affecting the increase in incomes of local budgets. <\/em>In conclusion<\/em>, the article focuses on the possibilities of ensuring the stability of local budgets’ incomes <\/em>as a result of improving<\/em> the<\/em> income from land tax.<\/em><\/p>\n

Keywords.<\/em><\/strong> real estate, local budget, local budget revenues, stability of local budget revenues, land resources, land tax, local governments<\/em><\/p>\n\n\n