Zhuravleva T.A. The Importance and Role of the Individual Income Tax in Regional and Local Budgets of the RF Constituents

Abstract: The subject of the study is the role and importance of the individual income tax as a source of the budget revenues of a region including local budgets of the Russian Federation. Taking into account the fact that in the budgets of Russia's constituents and local authorities this source of tax revenues is one of the closest territorial revenues sources, it is necessary to pay attention at peculiarities of tax revenues and factors that influence the completeness of revenues from this group of taxpayers. The methodology of the research involves comparative analysis and logical interpretation of the results in the form of general conclusions. The main results of the present research are the following: the author has analyzed the role of the individual income tax in the development of regional and local budgets of the Russian Federation; the author has also examined peculiarities of revenues of different taxes from physical entities into the Russian Federation consolidated budget including their structure depending on various kinds of taxes; the author has studied different aspects of the calculation of taxes on physical entities' property both for tax elements and Russian Federation constitients; and finally, the author has made conclusions about unsufficient revenues of taxes from physical entities at the domestic level. 

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