Banco Occidental de Descuento BOD (CAR:BOU) Tax Expense: VES65,014 Mil (TTM As of Mar. 2022)

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What is Banco Occidental de Descuento BOD Tax Expense?

Banco Occidental de Descuento BOD CAR:BOU Tax Expense is VES65,014 Mil as of Mar. 2022.

Banco Occidental de Descuento BOD's tax expense for the months ended in Mar. 2022 was VES0 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2022 was VES65,014 Mil.

Banco Occidental de Descuento BOD  (CAR:BOU) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Banco Occidental de Descuento BOD Tax Expense Related Terms

Banco Occidental de Descuento BOD Tax Expense Historical Data

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The historical data trend for Banco Occidental de Descuento BOD's Tax Expense 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.

Banco Occidental de Descuento BOD Tax Expense Chart

Banco Occidental de Descuento BOD Annual Data
Trend Dec21
Tax Expense
0.20

Banco Occidental de Descuento BOD Quarterly Data
Jun19 Jun21 Sep21 Dec21 Mar22
Tax Expense 0.00 0.00 65,014.22 0.04 0.02

Banco Occidental de Descuento BOD Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was VES65,014 Mil.

* 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.

Frequently Asked Questions Learn more about Tax Expense →
What does a Tax Expense of VES65,014 Mil mean?
Banco Occidental de Descuento BOD (CAR:BOU) has a Tax Expense of VES65,014 Mil as of Mar. 2022. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Banco Occidental de Descuento BOD and its competitors.
Is Banco Occidental de Descuento BOD's Tax Expense too high?
Banco Occidental de Descuento BOD's current Tax Expense is VES65,014 Mil.
How does Banco Occidental de Descuento BOD's Tax Expense compare to BLX?
Banco Occidental de Descuento BOD's Tax Expense of VES65,014 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Expense for a Banks company?
A good Tax Expense depends on the Banks industry context. However, Tax Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Banco Occidental de Descuento BOD and its competitors. Banco Occidental de Descuento BOD's current Tax Expense is VES65,014 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Occidental de Descuento BOD stock overvalued right now?
Banco Occidental de Descuento BOD (CAR:BOU) has a current Tax Expense of VES65,014 Mil. The current Tax Expense is VES65,014 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For Banco Occidental de Descuento BOD (CAR:BOU), the current Tax Expense is VES65,014 Mil as of Mar. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Banco Occidental de Descuento BOD Business Description

Address Avenida 5 de Julio, Avenue corner 17, Maracaibo, VEN
Banco Occidental de Descuento BOD is a commercial bank. The Company operates in five banking units: Commercial, Co-Operative, Petroleum, Agricultural, and Private Banking.