Hungary
Employees
88
Total tax contribution
$526,692,498
Taxes borne
$2,038,761
Taxes collected
$524,653,737
-
Third-party revenues
$876,313,431
-
Related-party revenues
$14,082,167
-
Total revenues
$890,395,598
-
Profit before tax
$(30,572,826)
-
Corporate income tax paid
$1,248,351
-
Corporate income tax accrued
$2,756
-
Stated capital
$21,479,911
-
Accumulated earnings
$(65,647,441)
-
Tangible assets
$124,664,137
-
Other payments to governments
–
Shell's footprint
Shell has been present in Hungary since 1925. Shell Hungary Zrt operates a network of 194 retail sites and provides mobility services through its commercial road transport division for corporate clients in Hungary and Romania. Shell Energy Europe B.V. has a licence to sell natural gas to commercial customers in Hungary.
Country financial analysis
The statutory corporate income tax rate in Hungary is 9%. Corporate income tax paid relates to the final settlement of 2021 tax liabilities, as well as prepayments for 2022. The mobility business was not profitable in 2022, mainly because of a cap on fuel prices on sales to local customers.
Read more in Total tax contribution.
