Myanmar
0 Employees
-
Third-party revenues
$0
-
Related-party revenues
$126,704
-
Total revenues
$126,704
-
Profit before tax
$(20,729,397)
-
Tax paid
$0
-
Tax accrued
$0
-
Tangible assets
$0
-
Stated capital
$0
-
Accumulated earnings
$0
Main business activities
- Upstream
- Integrated Gas
Shell’s footprint
Shell has been present in Myanmar since 2014. Since 2017, Shell and its partners have relinquished six of seven exploration permits and are in the process of relinquishing the permit for the remaining block which has no production or revenue.
Country financial analysis
The statutory corporate income tax rate in Myanmar was 25% for most of 2021 and dropped to 22% with effect from October 1, 2021. Shell’s Myanmar activities were in the exploration phase with no production to generate income and therefore no corporate income tax was owed.
