Hong Kong, SAR
PROFIT BEFORE TAX
Main Business Activities
- Trading and Supply
Shell has been active in Hong Kong since 1913. Activities include sales of fuels at more than 40 retail sites, the production of lubricants and the sale of aviation fuels and bitumen. Shell Hong Kong does not carry out any activities outside of Hong Kong.
Shell sold its liquefied petroleum gas (LPG) marketing business in Hong Kong to DCC Energy in 2017. Shell-branded LPG products will continue to be available in Hong Kong via a long-term brand licence agreement with DCC LPG.
The statutory corporate income tax rate in Hong Kong is 16.5%.
The tax paid figure reflects a payment for 2018 and a provisional payment for 2019. Tangible assets in 2019 recognise leases in line with new International Financial Reporting Standards.