Tanzania

Employees

15

Total tax contribution

$1,284,807

Taxes borne

$360,339

Taxes collected

$924,467

• Third-party revenues

  $0

• Related-party revenues

  $0

• Total revenues

  $0

• Profit before tax

  $(7,188,629)

• Corporate income tax paid

  $0

• Corporate income tax accrued

  $0

• Stated capital

  $27,054,471

• Accumulated earnings

  $(37,518,831)

• Tangible assets

  $343,514,885

• Other payments to governments

  –

Shell's footprint

Shell has been active in Tanzania since 2010. Shell Exploration and Production Tanzania Limited (SEPTL) is incorporated in the UK with a branch registered in Tanzania. SEPTL operates and has a 60% interest in blocks 1 and 4 off the coast of Tanzania under a production-sharing agreement with the government that expires in 2024. SEPTL is also co-leading a proposed liquefied natural gas project with other investors. Shell Deepwater Tanzania B.V. (SDT) is incorporated in the Netherlands with a branch in Tanzania (SDT Tanzania). A second branch in Zanzibar (SDT-Zanzibar) was closed and deregistered in January 2022.

Country financial analysis

The statutory corporate income tax rate in Tanzania is 30%. Shell made a standalone payment of around $66 million in capital gains tax in 2021. No capital gains tax was paid in 2022. Shell generated a loss in Tanzania as it has not yet started its main business activities in the country, which are under negotiation with the government.