Banco de Venezuela (CAR:BVL) Tax Expense: VES288 Mil (TTM As of Dec. 2013)


What is Banco de Venezuela Tax Expense?

Banco de Venezuela CAR:BVL -10.81% Tax Expense is VES288 Mil as of Dec. 2013.

Banco de Venezuela's tax expense for the months ended in Dec. 2013 was VES87 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2013 was VES288 Mil.

Banco de Venezuela  (CAR:BVL) 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 de Venezuela Tax Expense Related Terms

Banco de Venezuela Tax Expense Historical Data

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The historical data trend for Banco de Venezuela'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 de Venezuela Tax Expense Chart

Banco de Venezuela Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Tax Expense
1.98 4.44 102.82 288.47

Banco de Venezuela Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Tax Expense Get a 7-Day Free Trial 2.03 1.42 101.41 201.79 86.68

Banco de Venezuela 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 Dec. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was VES288 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 VES288 Mil mean?
Banco de Venezuela (CAR:BVL) has a Tax Expense of VES288 Mil as of Dec. 2013. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Banco de Venezuela and its competitors.
Is Banco de Venezuela's Tax Expense too high?
Banco de Venezuela's current Tax Expense is VES288 Mil.
How does Banco de Venezuela's Tax Expense compare to ARST?
Banco de Venezuela's Tax Expense of VES288 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 de Venezuela and its competitors. Banco de Venezuela's current Tax Expense is VES288 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco de Venezuela stock overvalued right now?
Banco de Venezuela (CAR:BVL) has a current Tax Expense of VES288 Mil. The current Tax Expense is VES288 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 de Venezuela (CAR:BVL), the current Tax Expense is VES288 Mil as of Dec. 2013. 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 de Venezuela Business Description

Address Av University in Society Traposos, Torre Banco de Venezuela, Caracas, VEN
Banco de Venezuela SA is engaged in financial intermediation services consisting of raising funds for the purpose of granting credit or loans, and other financial operations and services. The bank maintains currency and savings and foreign currency account which includes global accounts, paid global accounts, digital key accounts among others.