PROFIT BEFORE TAX
Main Business Activities
- Holding investments
Shell has been active in Mauritius since the acquisition of Pennzoil in 2002. Shell has holding companies in Mauritius, which have investments in India and the Cayman Islands. The Indian oil and gas business was acquired as a result of the BG Group acquisition in 2016 and is run through BG Exploration and Production India Ltd. (BGEPIL), an entity established in the Cayman Islands. BGEPIL has a production-sharing contract (PSC) with the Indian government. Profits from the PSC are subject to tax in India. The PSC ended in December 2019. The investments in the Cayman Islands are carrying out decommissioning activities in India.
Country Financial Analysis
The statutory corporate income tax rate in Mauritius is 15%.
The holding companies of Shell Mauritius incurred a loss for 2019 and therefore no tax was paid.