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Stanbic IBTC Holdings (NSA:STANBIC) Tax Expense : ₦47,887 Mil (TTM As of Jun. 2024)


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What is Stanbic IBTC Holdings Tax Expense?

Stanbic IBTC Holdings's tax expense for the months ended in Jun. 2024 was ₦13,571 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₦47,887 Mil.


Stanbic IBTC Holdings Tax Expense Historical Data

The historical data trend for Stanbic IBTC 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.

* Premium members only.

Stanbic IBTC Holdings Tax Expense Chart

Stanbic IBTC Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,890.00 11,506.00 9,037.00 19,535.00 32,290.00

Stanbic IBTC Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,667.00 5,161.00 12,081.00 17,074.00 13,571.00

Stanbic IBTC 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.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦47,887 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.


Stanbic IBTC Holdings  (NSA:STANBIC) 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.


Stanbic IBTC Holdings Tax Expense Related Terms

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Stanbic IBTC Holdings Business Description

Traded in Other Exchanges
N/A
Address
Walter Carrington Crescent, IBTC Place, Victoria Island, Lagos, NGA
Stanbic IBTC Holdings PLC provides banking services. The company's operating segment includes Business and Commercial Banking; Corporate and Investment Banking; Personal and Private Banking; and Insurance and Asset Management. It generates a majority of its revenue from the Corporate and Investment Banking segment which serves companies, governments, parastatals, and institutional clients across Africa and internationally.

Stanbic IBTC Holdings Headlines

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