PROFIT BEFORE TAX
Main Business Activities
- New Energies
- Upstream and Integrated Gas
- Trading and Supply
- Other support activities
Shell has been present in the Netherlands for more than 100 years. Shell’s global headquarters are in The Hague.
Shell’s activities include retail sites, fast-charging for electric vehicles, a chemical complex, a technology centre and a refinery. Shell is also involved in the development of solar parks, wind farms and geothermal heat.
Shell has a 50% interest in Nederlandse Aardolie Maatschappij BV (NAM), which produces oil and gas. In the table above, the Shell share of NAM is included in related-party revenues, profit before tax and accumulated earnings.
Shell’s global Integrated Gas and New Energies, Upstream and Projects & Technology businesses are all based in the Netherlands. Many support services are also performed at Shell’s headquarters, including trading and holding and treasury activities.
Country Financial Analysis
The statutory corporate income tax rate in the Netherlands is 25%.
In 2019, Shell realised a profit before tax of around $600 million in the Netherlands. However, the profit before tax figure in the table includes an additional $2.2 billion. This includes the share of profit or loss from joint ventures and associates held by Shell in the Netherlands but with activities abroad. These profits are subject to tax in countries where those joint ventures and associates are located.
The tax paid of $212 million and the tax accrued of $260 million relate mainly to withholding taxes. These are taxes incurred on dividends, interest and service fees received by Shell companies in the Netherlands. These taxes are mainly paid to foreign governments.
Shell paid $340 million in taxes and royalties in the Netherlands, $324 million of which was paid through our 50% participation in NAM.