Turnover

Definition

Turnover is the practical threshold measure in many international tax systems. It matters because VAT registration, corporate-tax entry for some natural persons, and similar rules often depend on turnover rather than on net profit.

Examples

• Ireland's VAT threshold analysis begins with what the business supplies and the turnover from those supplies.
• The UAE natural-person corporate-tax threshold turns on turnover from business activity, not on every personal cash inflow.