Albania
Employees
72
Total tax contribution
$3,108,108
Taxes borne
$348,788
Taxes collected
$2,759,320
-
Third-party revenues
$569,001
-
Related-party revenues
$4,495,263
-
Total revenues
$5,064,263
-
Profit before tax
$(20,812,736)
-
Corporate income tax paid
$0
-
Corporate income tax accrued
$0
-
Stated capital
$0
-
Accumulated earnings
$0
-
Tangible assets
$367,979,110
-
Other payments to governments
$719,769
Shell's footprint
Shell has been present in Albania since 2012 and is exploring for oil and gas there through Albanian branches of two Dutch companies: Shell Upstream Albania B.V. and Shell Albania Block 4 B.V.
Country financial analysis
The corporate income tax rate for oil and gas production in Albania is 50%. The loss before tax is a result of exploration costs. As the fields have not been developed or started production, there are no profits to tax. Our Payments to Governments Report for 2022 shows that Shell paid around $720,000 in bonuses and fees.
Read more in Total tax contribution and in Payments to Governments Report(shell.com/payments-to-governments).
