PROFIT BEFORE TAX
Main Business Activities
- Upstream and Integrated Gas
Shell established a presence in Mauritania in January 2019 through Shell Exploration and Production Mauritania (C10) B.V. and Shell Exploration and Production Mauritania (C19) B.V. with registered branches in Mauritania.
Shell has a 90% interest in two offshore blocks. A seismic study commenced in 2019.
Country Financial Analysis
The standard corporate income tax rate in Mauritania is 25%, while the applicable tax rate for the branch activities is 27%.
Both branches have incurred losses since inception and therefore do not yet pay corporate income tax.