Income from Business

13.1 What income from business includes

Income from business includes the income from any business activity of sole proprietors and self-employed individuals, including:

• Income from the sale of goods and services.
• Income from interest, dividends, and profit shares.
• Income from the rental of the business.
• Income from the sale of business assets.
• Capital gains from the revaluation of business assets.
• Gifts, grants, and subsidies received for business.

13.2 Calculation of annual taxable business income

Annual taxable business income is determined as the total business income, reduced by the documented expenses incurred for earning, maintaining, and securing the income.