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Shell

Vietnam

80 Employees

  • Third-party revenues

    $60,298,025

  • Related-party revenues

    $214,547

  • Total revenues

    $60,512,572

  • Profit before tax

    $13,099,299

  • Tax paid

    $1,952,745

  • Tax accrued

    $2,104,872

  • Tangible assets

    $17,029,571

  • Stated capital

    $14,266,409

  • Accumulated earnings

    $21,622,164

Main Business Activities

  • Downstream

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.

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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