Hungary
81 Employees
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Third-party revenues
$684,494,466
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Related-party revenues
$16,826,013
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Total revenues
$701,320,480
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Profit before tax
$(1,832,465)
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Tax paid
$1,941,205
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Tax accrued
$1,204,480
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Tangible assets
$122,610,937
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Stated capital
$43,578,430
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Accumulated earnings
$(21,937,983)
Main business activities
- Downstream
Shell’s footprint
Shell has been present in Hungary since 1925. Shell Hungary Zrt operates a network of 190 retail sites. Shell Hungary Zrt also provides mobility services through its commercial road transport division for corporate clients in Hungary and Romania. Shell Energy Europe BV has a licence to sell natural gas to commercial customers in Hungary.
Country financial analysis
The statutory corporate income tax rate in Hungary is 9%. Tax paid relates to the taxable profits arising from the downstream business and the final settlement of 2020 tax liabilities, as well as prepayments for 2021.
