Taxes on products, excluding VAT, import and export taxes, consist of taxes on goods and services that become payable as a result of the production, sale, transfer, leasing or delivery of those goods or services, or as a result of their use for own consumption or own capital formation.

They include the following commonly occurring taxes:

• a. General sales or turnover taxes;
• b. Excise duties;
• c. Taxes on specific services;
• d. Taxes on financial and capital transactions
• e. Profits of fiscal monopolies;
• f. Taxes resulting from the central bank imposing a higher rate of interest than the market rate.

System of National Accounts 2008