Myanmar
1 Employee
-
Third-party revenues
$0
-
Related-party revenues
$78,640
-
Total revenues
$78,640
-
Profit before tax
$(3,965,864)
-
Tax paid
$0
-
Tax accrued
$0
-
Tangible assets
$6,092,804
-
Stated capital
$0
-
Accumulated earnings
$0
Main Business Activities
- Upstream and Integrated Gas
Shell has been present in Myanmar since 2014. Shell and its partners have relinquished six of seven exploration permits since 2017 and are in the process of relinquishing the remaining block from which no production or revenue is generated.
Country Financial Analysis
The statutory corporate income tax rate in Myanmar is 25%.
Shell‘s Myanmar activities were in the exploration phase with no production to generate income and therefore no corporate income tax was owed.
