Go to Shell Global Reporting hub
Skip to main content
Shell

Shell online reporting suite 2022

Tools

Myanmar

icon two people standing next to a building (icon)

Employees

0

  • Third-party revenues

    $0

  • Related-party revenues

    $0

  • Total revenues

    $0

  • Profit before tax

    $(763,402)

  • Corporate income tax paid

    $568,208

  • Corporate income tax accrued

    $568,208

  • Stated capital

    $0

  • Accumulated earnings

    $0

  • Tangible assets

    $0

  • Other payments to governments

    –

Shell's footprint

Shell has been present in Myanmar since 2014. Since 2017, Shell and its partners have relinquished six of seven exploration permits. Shell and its partners are currently in the process of relinquishing the permit for the remaining block which has no production or revenue.

Country financial analysis

The statutory corporate income tax rate in Myanmar is 22%. Shell's Myanmar activities were in the exploration phase with no production to generate income and therefore no corporate income tax was owed. The corporate income tax paid amount for the year relates to withholding tax on intra-group services.

You might also be interested in

Screen image showing picture of world map with blue lighting to indicate movement from country to country across the world (photo)

Total tax contribution

More in this report

More on Shell websites

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.
View complete glossary
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.
View complete glossary
Revenues
Revenues are disclosed as a split between those from related parties and those from third parties. For CbCR, third parties would include non-consolidated joint ventures and associates for the purposes of our Annual Report and Accounts 2022. Third-party revenues include sales of products, interest income, dividend income and other income. Related-party revenues include transactions between consolidated Group entities. For example, related-party revenues arise if our Trading organisation buys oil or gas from our Upstream organisation and sells it to our Downstream organisation. Within one country or location, many of these related-party transactions may occur, as Shell entities buy and sell goods, or provide and receive services, to or from each other. Shell includes all these transactions in its aggregated CbCR data. For example, feedstock could be sold to a refinery, refined and then processed further in a chemical plant before being traded by Shell. This can occur within one country or location. In this case, each of these sales between different entities would be counted as related-party revenues. These can represent large amounts.
View complete glossary