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Saint Lucia

0 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

  • Holding investments

Shell’s footprint

Shell has been present in Saint Lucia since 2016 through investment holding companies inherited as part of its acquisition of BG Group, which began business there in 2002. These entities have interests in companies doing business in Trinidad and Tobago. See Trinidad and Tobago for more information. Our recent review of entities in low-tax jurisdictions included the holding companies in Saint Lucia for upstream and liquefied natural gas (LNG) operations in the Caribbean. Following the review, we consolidated the operations and simplified the holding structures. We identified four Saint Lucian entities for liquidation and completed these liquidations in 2021.

Country financial analysis

The statutory corporate income tax rate in Saint Lucia is 30%. Shell does not pay corporate income tax in Saint Lucia because it earns dividend income from its investments. Saint Lucia does not tax dividends as they are paid from profits that have already been taxed in the country where the activities that generated the profits take place. Administrative activities relating to Saint Lucia are outsourced. Shell in Saint Lucia has no employees in the country. In the prior year, an overall loss before tax arose as a result of the asset impairments in Saint Lucia. In 2021, there was no impairment and the entity earned revenue in the form of dividend income and recorded its share of profit from its investment in LNG operations in Trinidad and Tobago.

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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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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After payment of costs and taxes, a company may choose to make a dividend payment to its shareholders as a return on their investment in the company. After payments of dividends, any remaining surplus is termed ‘retained earnings’ and is available for reinvestment into the business.
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Low-tax or zero-tax rate jurisdiction
See Tax Haven.
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This represents the total income earned by a company. It includes income from customers or other group companies and income received as royalties and interest income.
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