Namibia
Employees
4
-
Third-party revenues
$152,390
-
Related-party revenues
$109,183
-
Total revenues
$261,572
-
Profit before tax
$(57,549,801)
-
Corporate income tax paid
$1,780
-
Corporate income tax accrued
$358
-
Stated capital
$0
-
Accumulated earnings
$0
-
Tangible assets
$143,912,990
-
Other payments to governments
$108,363
Shell's footprint
Shell has a 45% interest in an exploration licence in Namibia and is currently conducting exploration activities in its licence area with the objective of identifying commercial hydrocarbon resources.
Country financial analysis
The statutory corporate income tax rate in Namibia is 35%. The loss figure in the table reflects exploration costs, for which there is no immediate tax relief. Should the project start production, these costs can be deducted against profits for tax purposes in compliance with local legislation. Our Payments to Governments Report for 2022 shows that Shell paid around $108,363 in fees.
Read more in Payments to Governments Report(shell.com/payments-to-governments).
