PROFIT BEFORE TAX
Main Business Activities
- Trading & Supply
Shell’s presence in Turkey began, almost 100 years ago, in 1923. In 2006, Shell established Shell & Turcas Petrol A.S. (Shell interest 70%) with local distribution company Turcas to expand our branded retail network. Shell & Turcas Petrol A.S. has a wide network of over 1,000 retail sites and is active in lubricants, fleet solutions and commercial fuels. Shell also has a lubricants and grease production plant in Derince. Shell's activities in Turkey also include chemicals, aviation, marine, gas and power through wholly owned entities. In 2011, Shell restarted upstream activities in partnership with NOC Turkish Petroleum.
Country Financial Analysis
The statutory corporate income tax rate in Turkey is 22%.
In 2019, Shell Turkey recorded an overall profit across a number of entities. In Turkish tax law, losses are not set off against profits. In 2019, tax is paid on those profitable entities without relief for losses that arose in different entities.