THEORETICAL AND PRACTICAL DIMENSIONS OF PERSONAL INCOME TAXATION

The taxation of personal income remains a pivotal element of fiscal policy worldwide, directly influencing a country’s socio-economic progress. Variations in the principles of personal income taxation are shaped by differing economic frameworks, legislative norms, and cultural traditions. Key components such as taxation of diverse income sources, progressive tax systems, tax reliefs, and the core values of equity and transparency form the backbone of effective tax regimes.