ICBC Turkey Bank AS (IST:ICBCT) Tax Rate % : 8.50% (As of Mar. 2024)

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What is ICBC Turkey Bank AS Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. ICBC Turkey Bank AS's Tax Expense for the three months ended in Mar. 2024 was ₺18 Mil. ICBC Turkey Bank AS's Pre-Tax Income for the three months ended in Mar. 2024 was ₺217 Mil. Therefore, ICBC Turkey Bank AS's Tax Rate % for the quarter that ended in Mar. 2024 was 8.50%.

ICBC Turkey Bank AS Tax Rate % Historical Data

The historical data trend for ICBC Turkey Bank AS'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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ICBC Turkey Bank AS Tax Rate % Chart

ICBC Turkey Bank AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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41.17

30.13

22.21

23.12

27.37

ICBC Turkey Bank AS 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															27.47	25.07	19.00	-22.36	8.50

ICBC Turkey Bank AS Tax Rate % Calculation

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

ICBC Turkey Bank AS'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 )
	=	555.379	/	2029.405
	=	27.37 %

ICBC Turkey Bank AS'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 )
	=	18.405	/	216.588
	=	8.50 %

ICBC Turkey Bank AS Tax Rate % Related Terms

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ICBC Turkey Bank AS (IST:ICBCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ICBC Turkey Bank AS (IST:ICBCT) » Definitions » Tax Rate %

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Address

Maslak Mah. Dereboyu/2 Cad. No:13, Sariyer - Istanbul, TUR, 34398

Website

https://www.icbc.com.tr

ICBC Turkey Bank AS is a bank engaged in corporate and retail banking activities. The operations of the company consist of corporate, commercial, and retail banking services, international transactions, and securities trading in capital markets, which are conducted mainly with local customers. The company has three segments, namely Retail Banking, which includes loans, deposits, and other transactions and balances with retail customers; Corporate Banking includes loans, deposits, and other transactions and balances with corporate and SME customers; and Treasury, Investment Banking, and others include funds management and treasury activities. It derives key revenue from the Corporate banking segment.

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