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CURRENT TAXES ON NET WEALTH

Statistics Directorate    
French Equivalent: Impôts courants sur le patrimoine net

Definition:
Current taxes on net wealth consist of taxes payable periodically, in most cases annually, on the value of land or fixed assets less any debt incurred on those assets, excluding taxes on assets owned by enterprises and used by them in production (GFSM2001, 1132; OECD, 4200).

Context:
Current taxes on net wealth are part of the current taxes on capital. Current taxes on capital include the following:
-Current taxes on land and building
-Current taxes on net wealth
-Current taxes on other assets.

Source Publication:
System of National Accounts (SNA), 2008, 8.63b, 8.63.

Cross References:
Current taxes on capital

Hyperlink:
http://unstats.un.org/unsd/nationalaccount/docs/SNA2008.pdf

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, April 22, 2013