Profit before tax
Main Business Activities
Shell has been active in Slovakia since 1991. Shell Slovakia s.r.o. was incorporated in 1993. Shell has a network of 88 retail sites across the country. Shell also provides mobility solutions for corporate clients through its Shell Fleet Solutions division, and supplies aviation fuel to the international airport in Bratislava and natural gas to the wholesale market.
Country Financial Analysis
The statutory corporate income tax rate in Slovakia is 21%. Profits are predominantly earned from downstream retail operations. Tax paid in the table above includes corporate income tax on profits made in 2019 which was due in 2020, as well as a prepayment of tax in relation to 2020. Reduced revenues from third parties were mainly caused by lower volumes of fuel sold and a reduced retail fuel price due to COVID-19.