Encyclopedia
Gross revenue
Gross income means gross receipts or, if the person is engaged in a trade or business that includes the manufacture or production of goods, gross receipts reduced by direct costs of labor and materials relating to such manufacture or production and paid or payable from such receipts1.
Treaty between the Russian Federation and the United States of America on the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital, as amended on 1999-04-19, art. 20. ↩