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Ireland

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Employees

0

  • Third-party revenues

    $0

  • Related-party revenues

    $25,131

  • Total revenues

    $25,131

  • Profit before tax

    $1,253,023

  • Corporate income tax paid

    $0

  • Corporate income tax accrued

    $0

  • Stated capital

    $1,270,636

  • Accumulated earnings

    $(2,203,443)

  • Tangible assets

    $0

  • Other payments to governments

Shell's footprint

Shell is present in Ireland through its participation in Shell and Topaz Aviation Ireland Limited (Shell interest 50%). The principal activity of the company is the marketing and distribution of aviation fuels. Asiatic Petroleum Company (Dublin) Limited (APCDL) owns the remaining 50% of Shell and Topaz Aviation Ireland Limited.

Country financial analysis

The statutory corporate income tax rate in Ireland is 12.5%. Profit before tax reflects the Shell share of Topaz profit booked by APCDL. Taxes on this profit are paid by Topaz.

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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Profit before tax
Profit or loss before tax is reported in Shell's Consolidated Statement of Income. This is the profit or loss calculated using Group accounting policies. Local statutory accounts may need to comply with local accounting standards which may be different. The local statutory accounting profit or loss is the basis for the calculation of taxable profits in individual countries or locations. Local tax laws are then applied to the profit or loss. Profit before tax shows the Group accounting result but not the profits subject to tax after compliance with local tax laws. Any share of profit or loss from non-consolidated joint ventures and associates is attributed to the country where the shareholding entity is based. This figure is reported after accounting for corporate income tax accrued in the joint venture or associate's accounts and is included in the shareholding entity's profit before tax.
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