Namibia
4 Employees
-
Third-party revenues
$451,813
-
Related-party revenues
$109,583
-
Total revenues
$561,396
-
Profit before tax
$(2,274,917)
-
Tax paid
$6,724
-
Tax accrued
$6,724
-
Tangible assets
$106,379,530
-
Stated capital
$0
-
Accumulated earnings
$0
Main business activities
- Upstream
Shell’s footprint
Shell has an interest in an exploration licence in Namibia (Shell interest 45%) and is currently conducting exploration activities in its licence area with the objective of identifying commercial hydrocarbon resources.
Country financial analysis
The statutory corporate income tax rate in Namibia for Shell is 35%. The loss figure in the table reflects exploration costs, for which there is no immediate tax relief. When the project starts production, these costs can be deducted against profits for tax purposes in compliance with local legislation.
