Profit before tax
Main business activities
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.