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2018 Wealth Tax

4.3.1. Taxable base

The tax base for this tax is the value of the taxpayer's net worth.

The net worth will be determined by the difference between:

  1. The value of the assets and rights owned by the taxpayer and
  2. Liens and encumbrances of a real nature, when they reduce the value of the respective assets or rights, and personal debts or obligations for which the taxpayer must be responsible.

In general, the tax base will be determined in a direct estimation regime.

When the circumstances provided for in article 53 of the General Tax Law occur, the indirect estimation regime will be applicable.