Macao, SAR

1 Employee

THIRD-PARTY REVENUES

$60,593,540

RELATED-PARTY REVENUES

$733

TOTAL REVENUES

$60,594,274

PROFIT BEFORE TAX

$24,313,566

TAX PAID

$754,524

TAX ACCRUED

$2,917,628

TANGIBLE ASSETS

$3,764,413

STATED CAPITAL

$371,936

ACCUMULATED EARNINGS

$29,013,556

Main Business Activities

  • Downstream

Shell has been present in Macao since 1998 and its operations include retail sites and the distribution of lubricants and fuel products. Shell conducts its business through locally appointed agents and dealers. The Macao business does not have any activities or own any assets in Hong Kong.

Financial Analysis

The statutory corporate income tax rate in Macao is 12%.

Profit is derived from the Downstream global marketing business from Macao and tax on this is paid in Macao. Shell in Macao has a small office and relies on administrative support from affiliate companies.

Revenues and profits increased in 2019 compared with 2018 as Shell's activities in Macao started in mid-2018.

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