SIMILARITIES AND DIFFERENCES IN THE TAXATION OF LEGAL ENTITIES AND INDIVIDUALS

Abstract

Taxation is one of the most important instruments through which the state regulates economic activity, redistributes income, and finances public services. Both legal entities and individuals are subject to taxation, but the principles, procedures, and scope of taxation differ according to their legal status, income sources, and economic roles. This article examines the main similarities and differences between the taxation of legal entities and individuals. It highlights that both categories are taxpayers who are obligated to comply with tax legislation, maintain transparency, and contribute to the state budget. At the same time, important differences exist in tax bases, rates, filing procedures, allowable deductions, and policy objectives. Understanding these similarities and distinctions is essential for improving tax administration, ensuring fairness, and strengthening the overall efficiency of the tax system.