Spain

132 Employees

Third-party revenues

$511,557,202
Related-party revenues

$164,818,324
Total revenues

$676,375,526
Profit before tax

$16,305,452
Tax paid

$0
Tax accrued

$0
Tangible assets

$43,397,645
Stated capital

$49,602,003
Accumulated earnings

$(1,220,172,645)

Main Business Activities

Downstream
Trading and Supply

Shell has been active in Spain since 1920 and was the first foreign energy company established there. A network of Shell-branded retail sites operates across the country. These are owned and operated by third parties.

Shell owns and operates a lubricants blending plant located in Tarragona. The plant supplies the Iberian market, North Africa and several Mediterranean countries.

Country Financial Analysis

The statutory corporate income tax rate in Spain is 25%.

No tax was paid or accrued during 2020 as a result of a tax deduction claimed for costs that had been accounted for in previous years.

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

Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 Base Erosion and Profit Shifting (BEPS) project in their proposal for country-by-country reporting (CbCR). This is one of the four minimum reporting standards to which over 100 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises (MNEs). In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.

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Spain

132 Employees

Main Business Activities

Country Financial Analysis

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