Greenland
0 Employees
-
Third-party revenues
$0
-
Related-party revenues
$2
-
Total revenues
$2
-
Profit before tax
$218,674
-
Tax paid
$0
-
Tax accrued
$0
-
Tangible assets
$0
-
Stated capital
$595,130
-
Accumulated earnings
$(158,671,344)
Main business activities
- Upstream
Shell’s footprint
Shell Greenland A/S relinquished all offshore exploration licences held in the north-west and north-east of Greenland in 2016 and 2019, respectively. Plans for the liquidation of the company were put in place in 2021. Shell has no other activities or assets in Greenland.
Country financial analysis
Greenland’s statutory corporate income tax rate is 25%. The profit before tax figure in the table relates to currency exchange earnings.
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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Profit before tax
These are profits after the deduction of operating costs but before the deduction of tax. This number forms the basis on which we apply local tax laws and then pay corporate income tax.
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