MicroCloud Hologram Inc. (HOLOW) Tax Rate (2021 - 2023)

MicroCloud Hologram has reported Tax Rate for 3 years, with the latest figure at 24.89% in Q2 2023.

• Quarterly Tax Rate changed N/A year-over-year to 24.89% in Q2 2023, while the trailing twelve-month figure through Jun 2023 was 0.92% (changed N/A YoY) and the FY2024 annual result came in at 4.11%, down 894.0% from the prior year.
• Tax Rate eased to 24.89% in Q2 2023 per HOLOW's latest filing, from 0.78% in the prior quarter.
• Over five years, Tax Rate peaked at 3.34% in Q3 2022 and troughed at 24.89% in Q2 2023.
• A 3-year average of 4.49% and a median of 0.96% in 2022 frame the typical range for Tax Rate.
• The sharpest annual moves came in 2022 and 2023: Tax Rate surged 400 bps in 2022, then soared 247 bps in 2023.
• Over 3 years, Tax Rate stood at 4.24% in 2021, then surged by 94 bps to 0.24% in 2022, then slumped by 10434 bps to 24.89% in 2023.
• According to Business Quant data, Tax Rate over the past three periods registered 24.89%, 0.78%, and 0.24% for Q2 2023, Q1 2023, and Q4 2022 respectively.