PROFIT BEFORE TAX
Main Business Activities
- Upstream and Integrated Gas
Shell has an interest in an exploration licence (Shell interest 45%) and is currently conducting exploration activities in its licence area with the objective of identifying commercial hydrocarbon resources.
Country Financial Analysis
The statutory corporate income tax rate in Namibia is 35%.
The loss figure in the table reflects exploration costs, for which there is no immediate tax relief. When the project starts production, these costs can be deducted against profits for tax purposes in compliance with local legislation.