ING Groep NV (ING Groep NV) Tax Rate % : 27.59% (As of Dec. 2023)

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What is ING Groep NV Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. ING Groep NV's Tax Expense for the three months ended in Dec. 2023 was $676 Mil. ING Groep NV's Pre-Tax Income for the three months ended in Dec. 2023 was $2,450 Mil. Therefore, ING Groep NV's Tax Rate % for the quarter that ended in Dec. 2023 was 27.59%.

ING Groep NV Tax Rate % Historical Data

The historical data trend for ING Groep NV's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ING Groep NV Tax Rate % Chart

ING Groep NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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28.61

32.71

27.68

31.35

28.31

ING Groep NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															33.61	30.50	26.95	28.51	27.59

ING Groep NV Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

ING Groep NV's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	3238.822	/	11441.658
	=	28.31 %

ING Groep NV's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	676.118	/	2450.382
	=	27.59 %

ING Groep NV Tax Rate % Related Terms

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ING Groep NV (ING Groep NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ING Groep NV (NYSE:ING) » Definitions » Tax Rate %

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Traded in Other Exchanges

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Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.