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  • The Financial Encyclopedia
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Accounting

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  • November 29, 2022
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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 is  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.


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