table_specific
What was the amount of share-based payments, net of tax, for Petro Stopping Center in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Profit (loss) before taxation | 4,044 | 6,087 | 15,030 |
| Tax charge (credit) on profit or loss | 773 | 1,128 | 4,589 |
| Effective tax rate | 19 % | 19 % % of profit before taxation | 31 % |
| US statutory corporation tax rate | 21 | 21 | 21 |
| Increase (decrease) resulting from | |||
| Taxes on foreign operations at other than 21% | — | (7) | 9 |
| State income taxes, net of Federal income tax offset | 1 | 3 | 1 |
| Items not deductible for tax purposes | 1 | 2 | 1 |
| Adjustments in respect of prior years | 2 | (2) | — |
| Share based compensation | — | (1) | — |
| Non-controlling interest | (1) | — | — |
| Valuation allowance | (6) | 3 | (1) |
| Other | 1 | — | — |
| Effective tax rate | 19 | 19 | 31 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the table outlining the reconciliation of the effective tax rate includes a line item for 'Share based compensation.' In 2024, this figure is shown as '—'.
This indicates that the share-based compensation adjustment had a value of zero for tax purposes in 2024. This means that there was no impact on the effective tax rate due to share-based compensation during that year.
Prospective franchisees should be aware that this is just one factor influencing the overall tax situation of Petro Stopping Center and should consult with a financial advisor to understand the full implications.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.