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NatWest Group (NatWest Group) Tax Rate % : -0.40% (As of Dec. 2023)


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What is NatWest Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. NatWest Group's Tax Expense for the three months ended in Dec. 2023 was $-6 Mil. NatWest Group's Pre-Tax Income for the three months ended in Dec. 2023 was $1,591 Mil. Therefore, NatWest Group's Tax Rate % for the quarter that ended in Dec. 2023 was -0.40%.

NatWest Group Tax Rate % Historical Data

The historical data trend for NatWest Group'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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NatWest Group Tax Rate % Chart

NatWest Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.02 -13.38 25.91 24.84 23.21

NatWest Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Tax Rate % 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 3.23 28.16 31.00 28.38 -0.40

NatWest Group Tax Rate % Calculation

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

NatWest Group's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=1815.19/7820.253
=23.21 %

NatWest Group'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 )
=-6.329/1591.139
=-0.40 %

* 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.

NatWest Group Tax Rate % Related Terms

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NatWest Group (NatWest Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NatWest Group PLC (NYSE:NWG) » Definitions » Tax Rate %
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Address
Gogarburn, P.O. Box 1000, Edinburgh, GBR, EH12 1HQ
Website
https://www.natwestgroup.com
NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the U.K., offering clients lending and payment services as well as asset management services.