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492 Employees

  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Tax paid


  • Tax accrued


  • Tangible assets


  • Stated capital


  • Accumulated earnings


Main Business Activities

  • Downstream
  • Trading and Supply
  • Integrated Gas

Shell has been in Thailand for 129 years. Its activities include Downstream and Integrated Gas. Shell is strengthening its non-fuel retail businesses in Thailand and expanding retail sites across the country. In addition, we are also expanding into LNG supply.

Country Financial Analysis

Thailand has three different types of taxes for businesses like ours: 20% corporate income tax on taxable profits, 10% branch profit remittance tax and a 50% petroleum income tax rate for integrated gas entities.

Profit in 2020 is mostly from the downstream business and rose because of lower costs and higher profit margins on products. The lower tax paid in 2020 represents final tax settlements on profits arising in 2019 and advance payments of tax in relation to 2020.

A branch is an office or business presence in a location other than where the corporate entity is established.
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Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 Base Erosion and Profit Shifting (BEPS) project in their proposal for country-by-country reporting (CbCR). This is one of the four minimum reporting standards to which over 100 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises (MNEs). In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.
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