Banco de la Produccion PRODUBANCO (XGUA:PRE) Tax Expense : $ Mil (TTM As of Dec. 2015)

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What is Banco de la Produccion PRODUBANCO Tax Expense?

Banco de la Produccion PRODUBANCO's tax expense for the six months ended in Dec. 2015 was $7.9 Mil.

Banco de la Produccion PRODUBANCO Tax Expense Historical Data

The historical data trend for Banco de la Produccion PRODUBANCO'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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Banco de la Produccion PRODUBANCO Tax Expense Chart

Banco de la Produccion PRODUBANCO Annual Data

Trend

Dec14

Dec15

Tax Expense

10.97

7.90

Banco de la Produccion PRODUBANCO Semi-Annual Data
	Dec14	Dec15
Tax Expense	10.97	7.90

Banco de la Produccion PRODUBANCO 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.

Banco de la Produccion PRODUBANCO (XGUA:PRE) 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 la Produccion PRODUBANCO Tax Expense Related Terms

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Banco de la Produccion PRODUBANCO (XGUA:PRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco de la Produccion SA PRODUBANCO (XGUA:PRE) » Definitions » Tax Expense

Traded in Other Exchanges

N/A

Address

Simon Bolivar and Via a Nayon, Ekopark Corporate Complex, Tower 1, Quito, ECU

Website

https://www.produbanco.com

Banco de la Produccion SA is a banking company. Its services include current accounts in dollars, savings accounts in dollars, capital integration accounts, payment of import levies, payment of taxes, accumulation policies, and ATMs among others.