Profit before tax
Main Business Activities
Shell Vietnam Ltd was established in 1995 and has sales and marketing operations, as well as oil and lubricants production activities. In addition to direct sales, Shell Vietnam has a countrywide network of distributors.
Country Financial Analysis
The statutory corporate income tax rate in Vietnam is 20%.
Tax is paid in arrears. The tax accrued figure of $2.1 million relates to provisional tax for 2020 payable in 2021. The tax paid comprises three instalments for 2020, and the fourth instalment and final payments for 2019.