Effective tax rate: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Category added 8/10/13) |
imported>Doug Williamson m (Spacing. Expand page categorisation.) |
||
| Line 1: | Line 1: | ||
(ETR). | (ETR). | ||
An accounting measure, calculated by dividing the net tax charge reported in the income statement by the related profit before tax. | An accounting measure, calculated by dividing the net tax charge reported in the income statement by the related profit before tax. | ||
The effective tax rate will usually differ from the standard corporate rate of tax. | |||
The quantified explanation of the differences between the effective tax rate and the standard corporate rate of tax is known as a tax reconciliation statement. | |||
(Often abbreviated to 'tax rec'.) | |||
== See also == | == See also == | ||
| Line 11: | Line 17: | ||
* [[Tax reconciliation]] | * [[Tax reconciliation]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 20:32, 26 June 2014
(ETR).
An accounting measure, calculated by dividing the net tax charge reported in the income statement by the related profit before tax.
The effective tax rate will usually differ from the standard corporate rate of tax.
The quantified explanation of the differences between the effective tax rate and the standard corporate rate of tax is known as a tax reconciliation statement.
(Often abbreviated to 'tax rec'.)
