Mashreqbank PSC (DFM:MASQ) Tax Rate % : 9.88% (As of Mar. 2024)

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What is Mashreqbank PSC Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mashreqbank PSC's Tax Expense for the three months ended in Mar. 2024 was د.إ224 Mil. Mashreqbank PSC's Pre-Tax Income for the three months ended in Mar. 2024 was د.إ2,265 Mil. Therefore, Mashreqbank PSC's Tax Rate % for the quarter that ended in Mar. 2024 was 9.88%.

Mashreqbank PSC Tax Rate % Historical Data

The historical data trend for Mashreqbank PSC'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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Mashreqbank PSC Tax Rate % Chart

Mashreqbank PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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1.05

-4.49

4.34

3.68

1.74

Mashreqbank PSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															1.71	1.73	2.08	1.49	9.88

Mashreqbank PSC Tax Rate % Calculation

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

Mashreqbank PSC'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 )
	=	153.59	/	8830.006
	=	1.74 %

Mashreqbank PSC's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	223.757	/	2264.885
	=	9.88 %

Mashreqbank PSC Tax Rate % Related Terms

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Mashreqbank PSC (DFM:MASQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mashreqbank PSC (DFM:MASQ) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1250, Dubai, ARE

Website

https://www.mashreqbank.com

Mashreqbank PSC is a banking corporation in the United Emirates, that provides banking and financial services to customers and businesses. The banking firm serves in domestic markets as well as abroad mainly with its commercial and retail banking services such as trade finance, project finance, savings and current accounts, fixed deposits and Mashreq millionaire deposits. The business segments are Wholesale; Retail; Treasury and capital markets; Insurance and other. It generates maximum revenue from the Wholesale segment.

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