Message from the Chief Financial Officer
Shell’s approach to taxes
Special topics
Our tax data
Albania
48 Employees
THIRD-PARTY REVENUES
$121,894
RELATED-PARTY REVENUES
$4,354,314
TOTAL REVENUES
$4,476,208
PROFIT BEFORE TAX
$(247,100,690)
TAX PAID
$0
TAX ACCRUED
$0
TANGIBLE ASSETS
$248,535,252
STATED CAPITAL
$0
ACCUMULATED EARNINGS
$0
Main Business Activities
- Upstream
Shell has been present in Albania since 2012 and has been exploring for oil and gas there through an Albanian branch of a Dutch company, Shell Upstream Albania B.V.
In 2019, a new branch of a Dutch company, Shell Albania Block 4 B.V., was set up to manage a new production-sharing contract.
Country Financial Analysis
The corporate income tax rate for the exploration and production of hydrocarbons in Albania is 50% and is determined by the production-sharing contract with the Albanian Government.
The loss before tax arose as a result of exploration costs. As the fields have not been developed or started production there are no profits to tax.
Branch
A branch is an office or business presence in a location other than where the corporate entity is established.
View complete glossary
