WALLDORF, Germany — SAP SE (NYSE: SAP) today updated its effective tax rate outlook for the full year 2017.
In SAP’s third quarter 2017 earnings announcement, the Company disclosed that it expects in the fourth quarter a benefit from a one-time tax effect relating to an intra-group transfer of intellectual property rights to SAP SE. SAP committed to update its effective tax rate outlook once the effect is quantifiable. SAP has now quantified its estimate of the benefit and updates its effective tax rate outlook as follows to reflect this one-time benefit.
Considering the estimated one-time benefit and updated expectations for the full year, SAP now expects a full-year 2017 effective tax rate (IFRS) of 23.0% to 24.0% (previous outlook: below 26.0% to 27.0%) and a full-year 2017 effective tax rate (non-IFRS) of 25.0% to 26.0% (previous outlook: below 27.0% to 28.0%).
This outlook does not consider any impact from a potential U.S. tax reform.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 365,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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