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Total tax contribution


Taxes borne


Taxes collected


  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Corporate income tax paid


  • Corporate income tax accrued


  • Stated capital


  • Accumulated earnings


  • Tangible assets


  • Other payments to governments

Shell's footprint

Shell has been present in China for more than 100 years and is active in Integrated Gas, Downstream and Projects & Technology. Downstream businesses in China, in particular retail, are highly regulated. In recent years, the market has opened up as part of China's open door policy and our Downstream business has experienced strong growth.

Country financial analysis

The statutory corporate income tax rate in China is 25%. Our corporate income tax paid in 2022 was mainly in relation to income from our growing Downstream businesses. The accumulated earnings represent retained profits of Downstream businesses, mainly lubricants and retail. The figures in the table reflect 24 companies, some of which are profit-making and some of which have recorded losses. The decrease in profit, compared with 2021, is due to poor margins and higher costs for the Downstream businesses. The corporate income tax paid figure is based on those companies that made a profit.

Read more in Total tax contribution.

Accumulated earnings
Accumulated earnings reflect the profits retained and not used for any other purpose, such as to pay dividends to shareholders.
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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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Corporate income tax paid
This comprises corporate income tax paid in 2022, as recorded in Shell's Consolidated Statement of Cash Flows, and includes accrued withholding taxes on dividend, interest and royalty payments to Shell entities. In some cases, this may include payments made in relation to previous years or future years as tax payments are often made in arrears or in advance. It does not include withholding taxes collected by Shell on dividends paid to shareholders. Nor does it include corporate income tax paid by non-consolidated joint ventures and associates.
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