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Total tax contribution


Taxes borne


Taxes collected


  • 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

The Shell Company of Thailand Limited was established more than 130 years ago; its activities include Downstream and Integrated Gas. Shell is strengthening its non-fuel retail businesses in Thailand and expanding its network of retail sites across the country. In addition, Shell is continuing to focus on wholesale liquefied natural gas supply and decarbonisation.

Country financial analysis

Thailand has three different types of corporate income tax: 20% corporate income tax on taxable profits, 10% branch profit remittance tax and a 50% petroleum income tax for Integrated Gas entities. Profit arising in 2022 is mostly from our Downstream business.

Read more in Total tax contribution.

A branch is an office or business presence in a location other than where the corporate entity is established.
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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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Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 base erosion and profit shifting project in their proposal for country-by-country reporting. This is one of the four minimum reporting standards to which around 135 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises. In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.
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