Bank of Africa (LSE:BOAR) Tax Rate % : 28.25% (As of Dec. 2023)

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What is Bank of Africa Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Bank of Africa's Tax Expense for the three months ended in Dec. 2023 was $37 Mil. Bank of Africa's Pre-Tax Income for the three months ended in Dec. 2023 was $129 Mil. Therefore, Bank of Africa's Tax Rate % for the quarter that ended in Dec. 2023 was 28.25%.

Bank of Africa Tax Rate % Historical Data

The historical data trend for Bank of Africa'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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Bank of Africa Tax Rate % Chart

Bank of Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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29.54

27.35

25.70

27.31

26.05

Bank of Africa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															35.39	23.29	30.67	20.38	28.25

Bank of Africa Tax Rate % Calculation

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

Bank of Africa'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 )
	=	145.234	/	557.517
	=	26.05 %

Bank of Africa's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	36.508	/	129.239
	=	28.25 %

Bank of Africa Tax Rate % Related Terms

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Bank of Africa (LSE:BOAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Africa (LSE:BOAR) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

BOA:Morocco

Address

140 Avenue Hassan II, Casablanca, MAR, 20000

Website

https://www.ir-bankofafrica.ma

Bank of Africa, formerly Banque Marocaine Du Commerce Exterieur SA is a full-service commercial bank with operations in Morocco and neighboring countries in Africa but also in Europe, China, and Canada. It offers a range of financial services to individual, corporate, and professional clients, including banking, insurance, and asset management. Its products include accounts, credit cards, loans, and other savings and investment products. The bank focuses on developing its core business with stronger market penetration of small and medium-sized businesses and younger customers.

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