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Shell online reporting suite 2022

Tools

Hong Kong

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Employees

152

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Total tax contribution

$97,247,924

Taxes borne

$7,923,495

Taxes collected

$89,324,429

  • Third-party revenues

    $1,336,455,810

  • Related-party revenues

    $195,528,620

  • Total revenues

    $1,531,984,430

  • Profit before tax

    $71,930,574

  • Corporate income tax paid

    $7,923,495

  • Corporate income tax accrued

    $11,896,109

  • Stated capital

    $256,259,300

  • Accumulated earnings

    $403,883,251

  • Tangible assets

    $696,168,101

  • Other payments to governments

    –

Shell's footprint

Shell has been active in Hong Kong since 1913. Activities include the sale of fuels at more than 40 retail sites, the production of lubricants and the sale of aviation fuels and bitumen. Shell in Hong Kong does not carry out any activities outside of Hong Kong. Shell-branded liquefied petroleum gas (LPG) products are available in Hong Kong through a long-term brand licence agreement with DCC LPG. In 2022, we started to install and operate electric vehicle charge points throughout Hong Kong.

Country financial analysis

The statutory corporate income tax rate in Hong Kong is 16.5%. The corporate income tax paid figure reflects a payment for 2021 and a provisional payment for 2022.

Read more in Total tax contribution.

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Total tax contribution

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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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