Profit before tax
Main Business Activities
- Trading and Supply
- Upstream and Integrated Gas
Shell has been present in Austria since 1923. Our downstream activities include around 270 retail sites (about half are owned and operated by Shell, the rest are owned and operated by third parties), a lubricant distribution network, aviation fuel supply and fleet solutions. Shell’s upstream activities include the processing and distribution of petroleum products. A Shell entity in Austria holds exploration concession rights for natural gas and oil production in Egypt.
Country Financial Analysis
The statutory corporate income tax rate in Austria is 25%.
Profits in 2020 were offset by carrying forward losses that arose from an impairment of a financial asset in 2012. Austrian tax law allows companies to offset 75% of annual tax profits by carrying forward losses and paying tax on the remaining 25%, in compliance with the minimum corporate income tax regime. The tax accrued and paid in 2020 relates to profits arising in 2019 and 2020, as corporate income tax in Austria is partly paid in arrears.