Thailand

516 Employees

-1 Thailand Shell Tax Contribution Report 2018
Third-Party Revenues
$4,906,753,639
Related-party revenues
$68,686,804
Total Revenues
$4,975,440,443
Profit Before Tax
$1,048,155,628
Tax Paid
$626,967,994
Tax Accrued
$572,593,776
Tangible Assets
$496,032,967
Stated Capital
$16,216,038
Accumulated Earnings
$22,742,208

Main Business Activities

  • Upstream and Integrated Gas
  • Downstream
  • Trading and Supply

Shell Thailand was established 127 years ago, and its activities include Downstream and Integrated Gas. Shell is strengthening its non-fuel retail businesses in Thailand and expanding and renovating retail sites across the country.

Country Financial Analysis

Thailand has three different types of taxes: 20% corporate income tax on taxable profits, 10% branch profit remittance tax, and 50% petroleum income tax  rate for integrated gas entities.

In June 2018, Shell sold its interest in the Bongkot concession to a third party. Shell’s gain on the sale was taxed at the 50% petroleum income tax. This is reflected in the higher tax paid figure.

Our Payments to Governments Report for 2018 also shows around $78.3 million of royalties paid.

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