Macao SAR
Employees
1
-
Third-party revenues
$60,831,739
-
Related-party revenues
$0
-
Total revenues
$60,831,739
-
Profit before tax
$10,944,938
-
Corporate income tax paid
$1,237,813
-
Corporate income tax accrued
$1,313,393
-
Stated capital
$373,576
-
Accumulated earnings
$23,873,863
-
Tangible assets
$4,807,992
-
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.
