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Income taxation for individuals and all types of legal entities is regulated by Law 4172/2013 (Income Tax Code). In addition and especially for Multinational Enterprise Groups and Large-Scale Domestic Groups, the provisions of Law 5100/2024 (Trasposition of European Directive 2022/2523) apply.
25 Οκτ 2023 · Gross income is a fundamental concept in taxation that refers to an individual's total income before any deductions or taxes are applied. It is calculated as the sum of all the revenue from the various income streams a person earns during the fiscal year.
22 Μαΐ 2024 · Income Tax Term Guide. What Is Gross Income? Gross income for an individual—also known as gross pay when it’s on a paycheck—is an individual’s total earnings before taxes or other...
29 Μαρ 2024 · Taxable income is the portion of your gross income that the IRS deems subject to taxes. It consists of both earned and unearned income. Taxable income comes from compensation, businesses,...
Start Free Start Free. What is Gross Income? Gross income refers to the total income earned by an individual on a paycheck before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
26 Οκτ 2024 · Gross income includes all income that you receive from any possible source. Taxable income is the portion of your gross income that's actually subject to taxation.
Gross Income = Salary + Freelance Income + Dividends + Interest + Rental Income. Gross Income = $80,000 + $20,000 + $4,000 + $600 + $10,000 = $114,600. So, Alex’s total gross income for the year is US$114,600. This amount represents his earnings before any deductions or taxes are applied.
