Vietnam
79 Employees
-
Third-party revenues
$71,794,103
-
Related-party revenues
$331,449
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Total revenues
$72,125,552
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Profit before tax
$13,827,641
-
Tax paid
$1,760,663
-
Tax accrued
$2,254,899
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Tangible assets
$22,629,783
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Stated capital
$14,322,034
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Accumulated earnings
$33,193,274
Main business activities
- Downstream
Shell’s footprint
Shell Vietnam Ltd was established in 1995 and has sales and marketing operations, and lubricants production activities. Shell in Vietnam also has a network of third parties that distribute its products.
Country financial analysis
The statutory corporate income tax rate in Vietnam is 20%. Tax is paid on a quarterly basis and during the finalisation of the financial year the taxes paid are reconciled. The tax accrued figure of $2.2 million relates to provisional tax for 2021 payable in 2022. The tax paid comprises three instalments for 2021, and the fourth instalment and final payments for 2020.
