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8,559 Employees

  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Tax paid


  • Tax accrued


  • Tangible assets


  • Stated capital


  • Accumulated earnings


Main Business Activities

  • Downstream
  • New Energies [A]
  • Manufacturing
  • Chemicals
  • Upstream and Integrated Gas
  • Trading and Supply
  • Other support activities

Shell has been present in the Netherlands for more than 100 years. Shell’s global headquarters are in The Hague. Our activities include retail sites, fast-charging sites for electric vehicles, a chemical complex, a technology centre and a refinery. Shell is also involved in the development of solar parks, wind farms and geothermal heat.

Shell has a 50% interest in Nederlandse Aardolie Maatschappij B.V. (NAM), which produces oil and gas. In the table above, the Shell share of NAM is included in profit before tax and accumulated earnings.

Shell’s global Integrated Gas and Renewables and Energy Solutions, Upstream and Projects & Technology businesses are all based in the Netherlands. Many support services are also performed at Shell’s headquarters, including trading, holding and treasury activities.

[A] New Energies was rebranded to Renewables and Energy Solutions in 2021.

Country Financial Analysis

The statutory corporate income tax rate in the Netherlands is 25%.

In 2020, Shell reported a loss before tax in the Netherlands of $3.4 billion. The loss before tax figure in the table above of $2.2 billion includes (for country-by-country reporting purposes) the share of profit or loss from certain joint ventures and associates held by Shell. Losses for the year reflect the COVID-19 pandemic, related economic impacts, and include related impairment charges.

The tax paid of $107 million and the tax accrued of around $70 million relate mainly to foreign withholding taxes. These are taxes incurred on dividends, interest and service fees received by Shell companies in the Netherlands. These taxes are mainly paid to foreign governments. Shell paid $30 million in corporate income taxes and royalties in the Netherlands, $16 million of which was paid through our 50% participation in NAM.

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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Country-by-country reporting
Country-by-country reporting (CbCR) was introduced for all large multinational enterprises (MNEs) as part of the OECD BEPS project. The report should disclose aggregate data on income, profit, taxes paid and economic activity among tax jurisdictions in which the MNE operates. The report is filed with the main tax authority (typically the tax authority in the country in which the MNE has its head office) which can share it with tax authorities in other countries.
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Profit before tax
These are profits after the deduction of operating costs but before the deduction of tax. This number forms the basis on which we apply local tax laws and then pay corporate income tax.
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Royalties are generally payment due for the use of an asset. Mineral royalties are payments to governments or other owners for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken. See Trademark royalties.
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Withholding taxes
A withholding tax is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. Withholding taxes usually apply to royalties, interest or dividends.
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