Profit before tax
Main business activities
Shell has been in Romania since February 2021 and Shell Romania srl is active in promoting Shell fuel cards. The entity acts as an agent for Shell’s Hungarian fuel cards business. Shell Romania srl also performs sales, customer support and debt collection activities in Romania through contract staff.
Country financial analysis
The statutory corporate income tax rate in Romania is 16%. In its first operational year, Shell Romania registered an accounting loss. After performing corporate income tax adjustments, Shell Romania was in a taxable profit position caused by non-deductible expenses. As a general rule, the corporate income tax is calculated quarterly. The amount of tax paid reflects the corporate income tax paid for the third quarter. The amount of tax accrued reflects the income tax for the fourth quarter.