Czech Republic
76 Employees
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Third-party revenues
$357,207,165
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Related-party revenues
$8,096,020
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Total revenues
$365,303,185
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Profit before tax
$9,526,382
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Tax paid
$2,413,656
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Tax accrued
$1,810,013
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Tangible assets
$143,747,099
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Stated capital
$108,830,177
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Accumulated earnings
$23,850,628
Main Business Activities
- Downstream
Shell has been active in the Czech Republic since 1991 through its downstream business. Shell Czech Republic a.s. has a network of 180 retail sites, provides mobility solutions for corporate clients through its Shell Fleet Solutions division, supplies international airports with aviation fuel and sells motor oils to corporate clients. Shell also sells natural gas to commercial customers.
Country Financial Analysis
The statutory corporate income tax rate in the Czech Republic is 19%.
The reduced revenues from third parties are mainly due to lower volumes of fuel sold and a reduced retail fuel price because of the COVID-19 pandemic. Tax paid includes corporate income tax on profits arising in 2019, as well as a prepayment of tax for 2020.
