Commonwealth Bank of Australia (Commonwealth Bank of Australia) Tax Rate % : 31.54% (As of Dec. 2023)

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What is Commonwealth Bank of Australia Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Commonwealth Bank of Australia's Tax Expense for the six months ended in Dec. 2023 was $1,491 Mil. Commonwealth Bank of Australia's Pre-Tax Income for the six months ended in Dec. 2023 was $4,729 Mil. Therefore, Commonwealth Bank of Australia's Tax Rate % for the quarter that ended in Dec. 2023 was 31.54%.

Commonwealth Bank of Australia Tax Rate % Historical Data

The historical data trend for Commonwealth Bank of Australia's Tax Rate % 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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Commonwealth Bank of Australia Tax Rate % Chart

Commonwealth Bank of Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Tax Rate %

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28.78

28.81

28.54

29.31

28.97

Commonwealth Bank of Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Tax Rate %	Get a 7-Day Free Trial															28.66	29.92	29.86	27.92	31.54

Commonwealth Bank of Australia Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Commonwealth Bank of Australia's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Jun. 2023 )	/	Pre-Tax Income (A: Jun. 2023 )
	=	2788.591	/	9626.174
	=	28.97 %

Commonwealth Bank of Australia's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	1491.299	/	4728.916
	=	31.54 %

Commonwealth Bank of Australia Tax Rate % Related Terms

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Commonwealth Bank of Australia (Commonwealth Bank of Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commonwealth Bank of Australia (OTCPK:CMWAY) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CBAUF:USA CWW:Germany CBAPK.PFD:Australia CBAPJ.PFD:Australia CBAPI.PFD:Australia CBAPH.PFD:Australia CBAPG.PFD:Australia CBAPD.PFD:Australia CBA:Australia

Address

11 Harbour Street, Commonwealth Bank Place South, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.commbank.com.au

Commonwealth Bank is Australia's largest bank with operations spanning Australia, New Zealand, and Asia. Its core business is the provision of retail, business, and institutional banking services. The bank has emphasized its focus on banking in recent years with a numbers of asset divestments in wealth management and insurance.

Commonwealth Bank of Australia (Commonwealth Bank of Australia) Headlines

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