Banco Macro (Banco Macro) Tax Rate % : 60.51% (As of Sep. 2023)

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What is Banco Macro Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Banco Macro's Tax Expense for the three months ended in Sep. 2023 was $33 Mil. Banco Macro's Pre-Tax Income for the three months ended in Sep. 2023 was $54 Mil. Therefore, Banco Macro's Tax Rate % for the quarter that ended in Sep. 2023 was 60.51%.

Banco Macro Tax Rate % Historical Data

The historical data trend for Banco Macro'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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Banco Macro Tax Rate % Chart

Banco Macro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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108.18

38.45

33.28

4.93

31.06

Banco Macro Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Tax Rate %	Get a 7-Day Free Trial															46.70	47.25	36.28	30.41	60.51

Banco Macro Tax Rate % Calculation

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

Banco Macro's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	109.573	/	352.78
	=	31.06 %

Banco Macro's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2023 )	/	Pre-Tax Income (Q: Sep. 2023 )
	=	32.893	/	54.357
	=	60.51 %

Banco Macro Tax Rate % Related Terms

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Banco Macro (Banco Macro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Macro SA (NYSE:BMA) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

B4W:Germany B4W:Germany BMA:Argentina

Address

Avenida Eduardo Madero 1182, City of Buenos Aires, ARG, 1172

Website

https://www.macro.com.ar

Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.