A withholding tax is when a business holds a portion of the payment of goods and services and then remits this payment to the government in the Philippines - which helps reduce the government's burden as the tax collection responsibility is shifted to the businesses. In return, the businesses,...
The effective income tax rate was 23.67%, representing a decrease of 0.71 percentage point as compared with that of 2013. The following table sets out the impact of changes in major income/loss items of the Group on its profit before tax for 2014. Changes in profit before tax (in millions...
The effective income tax rate was 16.29%, representing a year-on-year decrease of 2.94 percentage points. The following table sets out the changes in major income/loss items of the Group during the reporting period. (in millions of RMB) Net interest income Net fee and commission income Other...
The effective income tax rate was 22.72%, representing a decrease of 0.95 percentage point as compared with 2014. The following table sets out the impact of changes in major income/loss items of the Group on its profit before tax for 2015. Changes in profit before tax (in millions of RMB...