Annual income

Annual income – within the area of Tax Law, this term refers to the income, achieved by a local corporate body for one taxable year. This income is should be declared and respectively is a subject to taxation. Usually, taxation in the form of Capital Gains is calculated on the profit, which is the difference between income and expenses made by the company during the taxable period.

See also “Capital Gains Tax”

See also “Corporate tax” Annual income

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