The capital gains listed in repeated Article 80 of the Income Tax Law include transactions such as the sale of real estate within five years and the sale of shares. A certain annual amount of the gain is exempt; the exempt amount is updated each year.
Source: Income Tax Law repeated Art. 80
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Occasional incomeGains earned occasionally, outside commercial, agricultural or professional activity.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.Certified public accountant (SMMM)A professional authorised to keep taxpayers' books, prepare their financial statements and advise on accounting and tax matters.Corporate income taxThe tax levied on the earnings of capital companies, cooperatives and other corporate entities.Current account interest calculationThe product of the amount of current account movements and the number of days elapsed, used to calculate interest on a current account.
Last updated: October 22, 2026 · This definition is for general information only.