Definition: Gross income

EU-SILC

"Gross income" means the total monetary and non-monetary income received by the household over a specified income reference period, before deduction of income tax, regular taxes on wealth, employees', self-employed and unemployed (if applicable) persons' compulsory social insurance contributions and employers' social insurance contributions, but after including inter-household transfers received.
Source:
European Union, Regulation (EC) No 1177/2003 of the European Parliament and of the Council of 16 June 2003 concerning Community statistics on income and living conditions (EU-SILC) (Official Journal of the European Union No L 165, 3.7.2003)
Created:
Updated:

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