Tax on income of individuals: modern trends and determining factors

The personal income tax plays a key role in the structure of revenues of the consolidated budget of the Russian Federation. Its amount is influenced by numerous factors that need to be systematized and classified. The study is aimed at analyzing recent trends in the dynamics of personal income tax (PIT) and the reasons behind these changes. A modern trend in many regions is the slowing growth rate of PIT revenues. The article presents an analysis of the legal and socio-economic aspects that affect the number of taxpayers, the volume of the tax base, and the imperative procedures for taxing personal income. Key influencing factors include a significant number of informally employed individuals, economic instability, and the concentration of a portion of the working-age population in the service and trade sectors, where the likelihood of receiving tax-exempt income is higher. Based on the conducted research, it can be stated that the primary reasons for the decline in PIT revenues to the budgets are socio-economic conditions, such as the condition of the tax base and the demographic situation.