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Macao SAR

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  • 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 Macao since 1989. Shell engages local agents and dealers to operate retail stations and distribute lubricants and fuel products. The Shell company in Macao does not have activities or own any assets in Hong Kong. Shell in Macao has a small office and relies on administrative support from affiliate companies.

Country financial analysis

The statutory corporate income tax rate in Macao is 12%. Profit is derived from downstream global marketing activities in Macao and tax on this is paid in Macao. Tax is paid in arrears. The corporate income tax paid in 2022 is on the taxable profits from previous years. Corporate income tax accrued is the expected corporate income tax on profits arising in 2022, but is due and payable in 2023. Accumulated earnings declined, compared with 2021, due to dividend payments.

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 accrued
This is the amount of corporate income tax for 2022 recorded as current-year tax in Shell’s Consolidated Statement of Income. This also includes withholding tax accrued. It does not include prior-year adjustments, deferred tax or provisions for uncertain tax liabilities.
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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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After payment of costs and taxes, a company may choose to make a dividend payment to its shareholders as a return on their investment in the company. After payment of dividends, any remaining surplus is termed "retained earnings" and is available for reinvestment in the business.
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