Financial Institutions (FISI) Tax Rate: 2009-2024
Historic Tax Rate for Financial Institutions (FISI) over the last 16 years, with Dec 2024 value amounting to 38.89%.
- Financial Institutions' Tax Rate rose 1143.00% to 18.86% in Q3 2025 from the same period last year, while for Sep 2025 it was 41.72%, marking a year-over-year increase of 2164.00%. This contributed to the annual value of 38.89% for FY2024, which is 1647.00% up from last year.
- As of FY2024, Financial Institutions' Tax Rate stood at 38.89%, which was up 73.45% from 22.42% recorded in FY2023.
- Over the past 5 years, Financial Institutions' Tax Rate peaked at 38.89% during FY2024, and registered a low of 20.08% during FY2021.
- Its 3-year average for Tax Rate is 29.26%, with a median of 26.46% in 2022.
- Per our database at Business Quant, Financial Institutions' Tax Rate tumbled by 597bps in 2021 and then soared by 1,647bps in 2024.
- Over the past 5 years, Financial Institutions' Tax Rate (Yearly) stood at 26.06% in 2020, then tumbled by 597bps to 20.08% in 2021, then surged by 638bps to 26.46% in 2022, then plummeted by 404bps to 22.42% in 2023, then soared by 1,647bps to 38.89% in 2024.