PROFIT BEFORE TAX
Main Business Activities
Shell has been present in South Africa since 1902.
Shell has a wide network of retail sites and is active in commercial fuels, lubricants, aviation fuels, marine and upstream exploration. Shell also jointly owns the SAPREF refinery in Durban with BP. The refinery manufactures a variety of petroleum products including petrol, diesel, paraffin, aviation fuel, liquid petroleum gas, base oil, solvents and marine fuel oil.
Country Financial Analysis
The statutory corporate income tax rate in South Africa is 28%.
In South Africa, corporate income taxes are paid in advance, based on estimated taxable income.
A decline in revenue and tax-deductible refinery maintenance costs resulted in a loss for 2019. No tax was due. The tax receivable arises as a result of advance tax payments for 2019 and a tax refund received for payments made in 2018.