4.3.1. Taxable base

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

Net worth will be determined by the difference between:

1. The value of the assets and rights owned by the taxpayer and
2. Charges and liens of a real nature, when they decrease the value of the respective assets or rights, and personal debts or obligations for which the taxpayer must respond.

In general, the tax base will be determined using a direct estimate system.

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