PROFIT BEFORE TAX
Main Business Activities
- Integrated Gas
- Trading and Supply
Shell Thailand was established 128 years ago and its activities include Downstream and Integrated Gas. Shell is strengthening its non-fuel retail businesses in Thailand and expanding retail sites across the country. In addition, the current focus area is also entry into LNG supply.
Country Financial Analysis
Thailand has three different types of taxes: 20% corporate income tax on taxable profits, 10% branch profit remittance tax and a 50% petroleum income tax rate for integrated gas entities.
Profit arising in 2019 was less than in 2018. In June 2018, Shell’s interest in the Bongkot concession was sold. Shell’s gain on the sale was taxed at the 50% petroleum income tax, the majority of which was paid in 2018. A final settlement of the tax due on the gain was made in 2019.