Definition of ‘Income Before Tax’
Income before tax is the money retained by a business before deducting taxes. It allows the effect of localized taxation to be elimited when making comparisons of different businesses.
Income before tax is sometimes referred to as profit before tax or earnings before tax.
Financial Projections Template Income Before Tax Definition
The income before tax definition for use in the financial projections template is the EBIT less taxation. It represents the net income of the business before taking into account the effects of taxation.
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