NICO Holdings (MSW:NICO) Tax Expense : MWK Mil (TTM As of Dec. 2022)

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What is NICO Holdings Tax Expense?

NICO Holdings's tax expense for the six months ended in Dec. 2022 was MWK12,128 Mil.

NICO Holdings Tax Expense Historical Data

The historical data trend for NICO Holdings'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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NICO Holdings Tax Expense Chart

NICO Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Tax Expense

7,872.36

8,580.05

12,128.23

NICO Holdings Semi-Annual Data
	Dec20	Dec21	Dec22
Tax Expense	7,872.36	8,580.05	12,128.23

NICO Holdings 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.

NICO Holdings (MSW:NICO) 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.

NICO Holdings Tax Expense Related Terms

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NICO Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NICO Holdings PLC (MSW:NICO) » Definitions » Tax Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chibisa House-19 Glyn Jones Road, PO Box 501, Blantyre, MWI

Website

https://www.nicomw.com

NICO Holdings PLC is a Malawi based financial service company that operates in diversified business. The company operates in segments including Life Insurance and Pension, General Insurance, Banking, Investment Holding, Asset Management and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, and road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accident throughout Malawi, Zambia, Tanzania, and Uganda. While life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. Majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments are only operated in Malawi.

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