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Income taxes | 9 Months Ended
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Sep. 30, 2019
Income taxes | NOTE 19 – Income taxes: In the third quarter of 2019, Teva recognized a tax expense of $ 11 million , on pre-tax loss of $ 292 million . In the third quarter of 2018, Teva recognized a tax benefit of $ 26 million , or 12%, on pre-tax loss of $ 213 million . Teva’s tax rate for the third quarter of 2019 was mainly affected by impairments, amortization , legal settlements with low corresponding tax effect and interest disallowance as a result of the U.S. Tax Cuts and Jobs Act. In the first nine months of 2019, Teva recognized a tax benefit of $ 159 million , or 13%, on pre-tax loss of $ 1,226 million . In the first nine months of 2018, Teva recognized a tax benefit of $ 56 million on pre-tax income of $ 791 million . Teva’s tax rate for the first nine months of 2019 was mainly affected by impairments, amortization , legal settlements with low corresponding tax effect and interest disallowance as a result of the U.S. Tax Cuts and Jobs Act. The statutory Israeli corporate tax rate is 23 % in 2019. Teva’s tax rate differs from the Israeli statutory tax rate, mainly due to generation of profits in various jurisdictions in which tax rates are different than the Israeli tax rate, tax benefits in Israel and other countries, as well as infrequent or nonrecurring items. Teva filed a claim seeking the refund of withholding taxes paid to the Indian tax authorities in 2012. Trial in this case is scheduled to begin in November 2019. A final and binding decision against Teva in this case may lead to an impairment in the amount of $146 million.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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