Classification of components of Income-based Gross Domestic Product

4 - Taxes less subsidies on production

'Taxes less subsidies on production' refers to taxes payable less subsidies receivable on goods or services produced as outputs and other taxes or subsidies on production, such as those payable on the labour, machinery, buildings or other assets used in production. Taxes on production and imports do not include any income taxes payable by the recipients of incomes accruing from production, whether employers or employees.