Overseas Commerce (XTAE:OVRS) Tax Expense : ₪ Mil (TTM As of . 20)

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What is Overseas Commerce Tax Expense?

Overseas Commerce's tax expense for the six months ended in . 20 was ₪0.00 Mil.

Overseas Commerce Tax Expense Historical Data

The historical data trend for Overseas Commerce'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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Overseas Commerce Tax Expense Chart

Overseas Commerce Annual Data

Trend

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Overseas Commerce Semi-Annual Data

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Overseas Commerce 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.

Overseas Commerce (XTAE:OVRS) 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.

Overseas Commerce Tax Expense Related Terms

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Overseas Commerce Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Overseas Commerce Ltd (XTAE:OVRS) » Definitions » Tax Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Port of Ashdod 3 Mevo HaYamayim, Ashdod, ISR

Website

http://www.ovrs.co.il

Overseas Commerce Ltd is engaged in providing logistics through container and cargo terminals, bonded warehouses, and logistics warehouses. It operates customs and container terminals under customs supervision, bonded warehouses, and Free warehouses and also provides comprehensive logistic services. Its client base includes Government Offices, Companies, Organizations, Importers of electrical appliances, Importers and food producers, and Retailers.

Overseas Commerce Headlines

No Headlines