New Zealand
Employees
0
-
Third-party revenues
$0
-
Related-party revenues
$1,048,512
-
Total revenues
$1,048,512
-
Profit before tax
$887,899
-
Corporate income tax paid
$4,315,475
-
Corporate income tax accrued
$0
-
Stated capital
$3,691,270,613
-
Accumulated earnings
$526,415,252
-
Tangible assets
$12
-
Other payments to governments
–
Shell's footprint
Shell divested its downstream retail business in 2010 and its upstream assets in 2017 and 2018. A small number of dormant entities remain in New Zealand, as well as the head office of an entity which operates through a branch in Malaysia.
Country financial analysis
The statutory corporate income tax rate in New Zealand is 28%. We have no business activities in New Zealand. In compliance with New Zealand law, taxes are calculated and paid to the relevant tax authorities for entities retained after the divestment in 2018. Corporate income tax paid for the year relates to current-year income after using prior-year losses and foreign tax credits. This payment will be offset against future liabilities.
