Money & tax

What is Gross turnover?

Also called GTO

Gross turnover is total sales before deductions. Mall leases commonly require tenants to declare it, and percentage-rent arrangements make that declaration a contractual obligation rather than an internal exercise.

For a food court stall or mall tenancy, the ability to produce a clean per-outlet sales figure for a defined period is not a nice-to-have — it is monthly paperwork with money attached.

Check the format your centre management requires: some landlords specify their own template rather than accepting a POS report.

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Knowing the term is one thing. Running it is another.

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