Itau Unibanco Holding (FRA:BVXB) Tax Rate % : -5.87% (As of Sep. 2024)

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What is Itau Unibanco Holding Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Itau Unibanco Holding's Tax Expense for the three months ended in Sep. 2024 was €-96 Mil. Itau Unibanco Holding's Pre-Tax Income for the three months ended in Sep. 2024 was €1,628 Mil. Therefore, Itau Unibanco Holding's Tax Rate % for the quarter that ended in Sep. 2024 was -5.87%.

Itau Unibanco Holding Tax Rate % Historical Data

The historical data trend for Itau Unibanco Holding'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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Itau Unibanco Holding Tax Rate % Chart

Itau Unibanco Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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10.98

-188.03

32.79

17.58

14.67

Itau Unibanco Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															19.13	11.29	17.75	15.42	-5.87

Itau Unibanco Holding Tax Rate % Calculation

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

Itau Unibanco Holding'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 )
	=	1089.777	/	7429.875
	=	14.67 %

Itau Unibanco Holding's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	-95.505	/	1628.301
	=	-5.87 %

Itau Unibanco Holding Tax Rate % Related Terms

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Itau Unibanco Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Itau Unibanco Holding SA (FRA:BVXB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

ITUB:USA ITUB:Mexico BVXB:Germany ITUB4:Brazil ITUB3:Brazil ITUB:Argentina

Address

Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902

Website

https://www.itau.com.br

Itau Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itau and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itau's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.

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