Profit before tax
Main Business Activities
- Upstream and Integrated Gas
Shell had been present in New Zealand for more than 100 years but divested its downstream retail business in 2010 and its upstream assets in 2017 and 2018. A small number of dormant entities remain in New Zealand, as well as a head office of an entity which operates through a branch in Malaysia.
Country Financial Analysis
The statutory corporate income tax rate in New Zealand is 28%.
Revenues represent foreign exchange differences as there are minimal business activities in New Zealand. In compliance with New Zealand law, taxes are calculated and paid to the relevant tax authorities for entities retained after the divestments in 2018.