PROFIT BEFORE TAX
Main Business Activities
Shell Exploration Et Production du Maroc GmbH (SEPM) operating through a local branch is a non-operating partner in the Tanfit exploration licence (Shell interest 37.5%). The exploration activities are in the Atlas mountains region. So far, no production is taking place and no profits from upstream operations are generated by Shell in Morocco.
Country Financial Analysis
The statutory corporate income tax rate in Morocco is 10-37%, depending on type of activity and level of income.
Shell in Morocco paid no taxes for the year 2019 due to a loss position.