Provision for income taxes

An amount on the P & I statement that estimates a company's total income tax liability for the year.

Provision for Income Taxes

In a financial statement or personal budget, an estimate for one's total income tax liability for a given year. This is especially important when the government or an employer does not automatically deduct estimated tax payments from paychecks or other revenue. Generally speaking, one must set the provision for income taxes aside and pay it quarterly or annually.

References in periodicals archive ?

GAAP and non-GAAP income taxes in the second quarter of 2019 include a provision for income taxes on Vertex's pre-tax income using an estimated effective tax rate approximating statutory rates.

Vertex Pharmaceuticals (NASDAQ: VRTX)

The provision for income taxes reflects an annual tax rate of negative 1 percent for 2017, compared with 30 percent for 2016.

Caterpillar Brasil Ltda

The provision for income taxes totaled $1,597 for the second quarter of 2019 compared to a provision for income taxes of $2,342 for the same quarter of 2018.

BRAMPTON BRICK REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2019

GAAP provision for income taxes and decrease earnings per share.

Salesforce to acquire ClickSoftware Technologies for approximately $1.35B

GAAP results for Q2 2019 included income before provision for income taxes of $542 million, an increase of 114% from Q2 2018, and net income attributable to The Carlyle Group L.P.

United States : The Carlyle Group Announces Conversion to Full C-Corporation, Reports Second Quarter 2019 Financial Results

The cumulative change in deferred tax expense caused a 70 percent decline in the overall provision for income taxes, resulting in net income for the segment to more than double to $17.1 billion in 2018.

How Disasters, Tax Reform Affected P/C Insurers' Performance in 2018

The bank blamed the 85 percent decrease in its trading gains and the 47 percent increase in their provision for income taxes as the culprits behind the lower net income during the year.

Security Bank, China Bank register net incomes of above P8 billion in 2018

Adjusted net income1 for fiscal year 2018, which excludes a nonrecurring charge to provision for income taxes, was $171.5 million, or $2.90 per diluted share, compared to $145.2 million, or $2.46 per diluted share.

Great Western Bancorp, Inc. reports net income of $42.3m

Trading gains fell by 59 percent year-on-year while on the expenditure side, provision for income taxes rose by 55 percent.

Security Bank 6-month net down 18% as trading gains decline

Provision for income taxes was $6.0 billion compared to $821 million 4Q16, with an estimated charge of $5.5 billion from U.S.

Financial Report: Gilead

The loss for the quarter of USD 2,063,000, or USD 0.38 per share, included an estimated one-time, non-cash charge of USD 3,070,000, or USD 0.57 per share, recorded in the Provision For Income Taxes line, related to the enactment of the Tax Cuts and Jobs Act (Tax Reform).

Blue Valley Ban announces Q4 2017 operating results

Fourth quarter results were impacted by a USD400,000 net charge to the provision for income taxes related to a revaluation of the net deferred tax asset associated with the passage of the Tax Cuts and Jobs Act.