National Gross Domestic Product (GDP) by Income and by Expenditure Accounts
Current taxes on income and wealth of economy, category
Current taxes on income and wealth refers to taxes on the incomes of households or profits of corporations and of taxes on wealth that are payable regularly every tax period (as distinct from capital taxes levied infrequently). 'Current taxes on income and wealth' is also called 'direct taxes'.
Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.
The data for this variable are reported using the following classifications and/or lists:
- Direct Taxes on Corporate and Government Business Enterprises
Data tables
- Direct Taxes on Persons
Data tables
- Direct taxes, persons, 1968 System of National Accounts (SNA) Table: 380-0543
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