PROFIT BEFORE TAX
Main Business Activities
Shell has been present in Hungary since 1925. Shell Hungary Zrt. is a downstream business with a wide network of retail sites.
Country Financial Analysis
The statutory corporate income tax rate in Hungary is 9%. Tax paid relates to the taxable profits arising from the Downstream business and the final settlement of 2018 tax liabilities as well as prepayments for 2019. The reduction in corporate income tax paid in 2019 compared with 2018 is due to a revision of prior-year tax returns to claim bad debt relief.