IDCBY (Industrial And Commercial Bank Of China) Tax Rate % : 14.95% (As of Dec. 2024)

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What is Industrial And Commercial Bank Of China Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Industrial And Commercial Bank Of China's Tax Expense for the three months ended in Dec. 2024 was $2,329 Mil. Industrial And Commercial Bank Of China's Pre-Tax Income for the three months ended in Dec. 2024 was $15,579 Mil. Therefore, Industrial And Commercial Bank Of China's Tax Rate % for the quarter that ended in Dec. 2024 was 14.95%.

Industrial And Commercial Bank Of China Tax Rate % Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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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Industrial And Commercial Bank Of China Tax Rate % Chart

Industrial And Commercial Bank Of China Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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18.98

17.58

14.74

13.47

13.01

Industrial And Commercial Bank Of China Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															11.64	14.05	12.13	10.82	14.95

Industrial And Commercial Bank Of China Tax Rate % Calculation

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

Industrial And Commercial Bank Of China's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	7537.874	/	57937.698
	=	13.01 %

Industrial And Commercial Bank Of China's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	2328.622	/	15578.859
	=	14.95 %

Industrial And Commercial Bank Of China Tax Rate % Related Terms

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Industrial And Commercial Bank Of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (OTCPK:IDCBY) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

IDCBF:USA 01398:Hong Kong ICK:Germany ICK:Germany 601398:China

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

https://www.icbc-ltd.com

Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively, and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.