According to Petro Stopping Center, what is current tax based on?

According to Petro Stopping Center's 2025 Franchise Disclosure Document, the current tax charge for the year was $1,045 million in 2024, $695 million in 2023, and $1,249 million in 2022. These figures are then adjusted to account for prior years. The adjustment in respect of prior years was ($142) million in 2024, $10 million in 2023, and ($115) million in 2022. After the adjustments, the current tax totaled $903 million in 2024, $705 million in 2023, and $1,134 million in 2022.

These figures reflect the current tax obligations of Petro Stopping Center for those years. The adjustments for prior years indicate that the company's tax liabilities are subject to reassessment based on changes in circumstances. This can result in either a decrease or increase in the tax charge for a given year.

Prospective franchisees should be aware that these tax figures are for the overall company and may not directly reflect the tax obligations of an individual franchise location. However, understanding the parent company's tax situation can provide insight into the financial health and stability of Petro Stopping Center. Franchisees should consult with a financial advisor to understand the tax implications of owning a Petro Stopping Center franchise.