Luxembourg
9 Employees
-
Third-party revenues
$300,528,470
-
Related-party revenues
$1,040,151
-
Total revenues
$301,568,621
-
Profit before tax
$75,588,254
-
Tax paid
$56,118
-
Tax accrued
$113,549
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Tangible assets
$159,747,735
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Stated capital
$31,280,848
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Accumulated earnings
$42,723,421
Main business activities
- Downstream
- Other support activities
Shell’s footprint
Shell has been present in Luxembourg since 1920. Shell has 36 retail sites and a petroleum terminal in Luxembourg. Shell also supplies Luxembourg airport with aviation fuel. Shell is in the process of liquidating its Luxembourg entities which previously provided financing and hedging services to other companies within Shell.
Country financial analysis
The statutory corporate income tax rate in Luxembourg is 17% (18.19% including an unemployment fund contribution). Companies also pay a municipal business tax rate of between 6.75% and 10.5%. Shell companies in Luxembourg reported a loss before tax in 2021 and the taxes paid are advance payments of the municipal taxes and the unemployment fund contribution.
