Banco de Venezuela (CAR:BVL) Tax Rate %: 1.61% (As of Dec. 2013)

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What is Banco de Venezuela Tax Rate %?

Banco de Venezuela CAR:BVL -4.52% Tax Rate % is 1.61% as of Dec. 2013.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Banco de Venezuela's Tax Expense for the six months ended in Dec. 2013 was VES87 Mil. Banco de Venezuela's Pre-Tax Income for the six months ended in Dec. 2013 was VES5,370 Mil. Therefore, Banco de Venezuela's Tax Rate % for the quarter that ended in Dec. 2013 was 1.61%.

Banco de Venezuela Tax Rate % Related Terms

Banco de Venezuela Tax Rate % Historical Data

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The historical data trend for Banco de Venezuela'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.

Banco de Venezuela Tax Rate % Chart

Banco de Venezuela Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Tax Rate %
0.18 0.20 1.82 3.22

Banco de Venezuela Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Tax Rate % Get a 7-Day Free Trial 0.13 0.06 3.10 5.63 1.61

Banco de Venezuela Tax Rate % Calculation

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

Banco de Venezuela's Tax Rate % for the fiscal year that ended in Dec. 2013 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2013 )/Pre-Tax Income (A: Dec. 2013 )
=288.47/8952.05
=3.22 %

Banco de Venezuela's Tax Rate % for the quarter that ended in Dec. 2013 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2013 )/Pre-Tax Income (Q: Dec. 2013 )
=86.678/5369.585
=1.61 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 1.61% mean?
Banco de Venezuela (CAR:BVL) has a Tax Rate % of 1.61% as of Dec. 2013.
Is Banco de Venezuela's Tax Rate % too high?
Banco de Venezuela's current Tax Rate % is 1.61%.
How does Banco de Venezuela's Tax Rate % compare to ARST?
Banco de Venezuela's Tax Rate % of 1.61% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Banco de Venezuela's current Tax Rate % is 1.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco de Venezuela stock overvalued right now?
Banco de Venezuela (CAR:BVL) has a current Tax Rate % of 1.61%. The current Tax Rate % is 1.61%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Banco de Venezuela (CAR:BVL), the current Tax Rate % is 1.61% as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Banco de Venezuela Business Description

Address Av University in Society Traposos, Torre Banco de Venezuela, Caracas, VEN
Banco de Venezuela SA is engaged in financial intermediation services consisting of raising funds for the purpose of granting credit or loans, and other financial operations and services. The bank maintains currency and savings and foreign currency account which includes global accounts, paid global accounts, digital key accounts among others.