Hungary
83 Employees
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Third-party revenues
$500,848,883
-
Related-party revenues
$18,432,967
-
Total revenues
$519,281,850
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Profit before tax
$37,129,691
-
Tax paid
$1,810,597
-
Tax accrued
$1,694,832
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Tangible assets
$120,630,505
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Stated capital
$43,823,441
-
Accumulated earnings
$(78,734,442)
Main Business Activities
- Downstream
Shell has been present in Hungary since 1925. Shell Hungary Trading close Company Limited by shares is a downstream business with a wide network of retail sites.
Country Financial Analysis
The statutory corporate income tax rate in Hungary is 9%.
Tax paid relates to the taxable profits arising from the downstream business and the final settlement of 2019 tax liabilities as well as prepayments for 2020. Lower revenues from third parties were mainly due to decreased volumes of fuel sold and a reduced retail fuel price because of the COVID-19 pandemic.
