Filter by Categories
Accounting
Banking

Accounting




Gross Tainted Turnover


A entity’s turnover (tainted turnover) that is made up of passive income, tainted sales income and tainted services income. It constitutes that portion of an entity’s income, calculated at a gross level, that isĀ  generated from its ineligible activities.

In terms of origin, gross tainted income is earned or acquired in the form of dividends, interest, royalties, rent and capital gains on tainted assets, in addition to certain income from transaction/ dealings with related parties.



ABC
Accounting is the language of business, everywhere, worldwide. It is the means by which virtually every business communicates information about its operations, irrespective of size, scale, objectives, ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*