Definition: Current taxes on net wealth

SNA

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.

This definition is used both in SNA 1993 (§ 8.53) and in SNA 2008 (§ 8.63).
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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