Gulf Commercial Bank (Al-Kaleej Bank) (IQS:BGUC) Tax Expense : ع.د Mil (TTM As of . 20)

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What is Gulf Commercial Bank (Al-Kaleej Bank) Tax Expense?

Gulf Commercial Bank (Al-Kaleej Bank)'s tax expense for the months ended in . 20 was ع.د0.00 Mil.

Gulf Commercial Bank (Al-Kaleej Bank) Tax Expense Historical Data

The historical data trend for Gulf Commercial Bank (Al-Kaleej Bank)'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.

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Gulf Commercial Bank (Al-Kaleej Bank) Tax Expense Chart

Gulf Commercial Bank (Al-Kaleej Bank) Annual Data

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Gulf Commercial Bank (Al-Kaleej Bank) Quarterly Data

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Gulf Commercial Bank (Al-Kaleej Bank) 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.

Gulf Commercial Bank (Al-Kaleej Bank) (IQS:BGUC) 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.

Gulf Commercial Bank (Al-Kaleej Bank) Tax Expense Related Terms

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Gulf Commercial Bank (Al-Kaleej Bank) (IQS:BGUC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gulf Commercial Bank (Al-Kaleej Bank) (IQS:BGUC) » Definitions » Tax Expense

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Traded in Other Exchanges

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Address

Al-Sadoon Street, Building 27, Sector 903, Opposite to Al-Alawiyya Exchange, Baghdad, IRQ

Website

https://www.gcb.iq

Gulf Commercial Bank (Al-Kaleej Bank) provides banking services. It is based in Baghdad in Iraq. It has more than fifteen branches. It offers retail banking services, such as current and saving accounts, personal loans, and currency and credit cards. The company also provides wholesale commercial financing, project and structured financing, syndication and agency, Shariah-compliant banking, and global transaction banking services.

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