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Netherlands

8,103 Employees

  • Third-party revenues

    $28,341,141,944

  • Related-party revenues

    $60,400,262,872

  • Total revenues

    $88,741,404,816

  • Profit before tax

    $2,200,418,515

  • Tax paid

    $165,023,107

  • Tax accrued

    $179,622,487

  • Tangible assets

    $8,650,840,152

  • Stated capital

    $202,265,563,387

  • Accumulated earnings

    $152,580,543,456

Main business activities

  • Downstream
  • Integrated Gas
  • Renewables and Energy Solutions
  • Upstream
  • Trading and Supply
  • Other support activities

Shell’s footprint

Shell has been present in the Netherlands for more than 100 years. Our activities include retail sites, fast-charging sites for electric vehicles, a chemical complex, a technology centre and a refinery. Shell is also involved in the development of solar parks, wind farms and geothermal heat. In September 2021, Shell announced a final investment decision to build a biofuels facility at the Shell Energy and Chemicals Park Rotterdam. The facility will produce sustainable aviation fuel and renewable diesel made from waste. Shell has a 50% interest in Nederlandse Aardolie Maatschappij B.V. (NAM), which produces oil and gas. In the table, income relating to Shell’s share of NAM is included in the profit before tax and accumulated earnings numbers.

In December 2021, Shell decided to move its tax residence to the UK, aligning it with its country of incorporation. The Hague still houses the headquarters of three of Shell’s business divisions and many support services are also performed including trading, holding and treasury activities.

Country financial analysis

The statutory corporate income tax rate in the Netherlands is 25%. In 2021, Shell reported a loss before tax in the Netherlands of $300 million. The profit before tax figure in the table includes the share of profit from certain joint ventures and associates held by Shell as required for country-by-country reporting. The tax paid of $165 million and the tax accrued of $179 million relate mainly to foreign withholding taxes. These are taxes incurred on dividends, interest and service fees received by Shell companies in the Netherlands. These taxes are mainly paid to foreign governments. Shell paid $47 million in corporate income taxes and royalties in the Netherlands, of which $33 million was paid through our 50% participation in NAM.

Read more in Special topics and Our business.

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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Country
Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 Base Erosion and Profit Shifting (BEPS) project in their proposal for country-by-country reporting (CbCR). This is one of the four minimum reporting standards to which over 100 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises (MNEs). In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.
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Country-by-country reporting
Country-by-country reporting (CbCR) was introduced for all large multinational enterprises (MNEs) as part of the OECD BEPS project. The report should disclose aggregate data on income, profit, taxes paid and economic activity among tax jurisdictions in which the MNE operates. The report is filed with the main tax authority (typically the tax authority in the country in which the MNE has its head office) which can share it with tax authorities in other countries.
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Fees
Fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.
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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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Royalties
Royalties are generally payment due for the use of an asset. Mineral royalties are payments to governments or other owners for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken. See Trademark royalties.
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Withholding taxes
A withholding tax is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. Withholding taxes usually apply to royalties, interest or dividends.
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