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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

Shell has been present in Bulgaria since 1991 and is mostly active in the downstream sector with a network of 101 retail sites across the country. In 2016, Shell International Exploration and Development Italia S.p.A., which has a Bulgarian branch, signed a five-year licence agreement with the Ministry of Energy to explore for oil and natural gas in the Bulgarian continental shelf of the Black Sea. As the results from drilling were not satisfactory, Shell did not extend the licence in 2021 and deregistered its Bulgarian exploration business entity in 2022. Up to December 2021, Shell had invested almost $74 million in oil and gas exploration in Bulgaria.

Country financial analysis

Bulgaria's statutory corporate income tax rate is 10%. The upstream business reported a loss as a result of exploration costs. However, tax was paid on the profitable downstream activities.

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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