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Hi everyone,
I was looking at Netlink stock info on SGX and found that Provision for Income Taxes in "Income Statement".
What is Provision for Income Taxes?
For 2020, "Net Income Before Taxes" is 71.87 and "Provision for Income Taxes?" is "-7.61". Then "Net Income After Taxes" is the sum of those two.
Is it because company estimated too much for Taxes and paid less in actual?
For 2017, it is the opposite.
Thanks ahead.
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Tan Choong Hwee
16 Jun 2021
Investor/Trader at Home
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Motley Fool on Provision for Income Taxes
In short, it is an estimate of how much income taxes the company will pay in the fiscal year.