Wealth Tax Accrual

Regulations: Art. 29 Wealth Tax Law

The Wealth Tax is due on December 31 of each year and affects the assets owned by the taxpayer on that date .

Consequently, there is no actual tax period for this tax. Thus, the death of a person on a day other than December 31 means that the tax is not accrued in that year.

Finally, it should be noted that the estate is taxed as part of the assets of the heirs or legatees, without them having to file a Wealth Tax return on behalf of the deceased.