Italy
Employees
273
Total tax contribution
$480,973,211
Taxes borne
$120,586,625
Taxes collected
$360,386,587
-
Third-party revenues
$2,776,241,080
-
Related-party revenues
$1,548,889,604
-
Total revenues
$4,325,130,684
-
Profit before tax
$494,373,543
-
Corporate income tax paid
$114,072,327
-
Corporate income tax accrued
$330,896,975
-
Stated capital
$1,072,531,384
-
Accumulated earnings
$(1,992,590,481)
-
Tangible assets
$1,163,597,024
-
Other payments to governments
$78,450,489
Shell's footprint
Shell has been present in Italy since 1912. In 2022, Shell's upstream activities included interests in the Val d'Agri and Tempa Rossa oil fields in Basilicata. Shell's downstream operations include the production and sale of lubricants and the sale of natural gas and electricity. Shell also has solar photovoltaic projects under development in Italy.
Country financial analysis
The statutory corporate income tax rate in Italy is 28%. In 2022, the Italian government introduced both the EU "solidarity contribution" and a local domestic windfall tax ("Contributo extraproffiti") in light of the high revenues made by energy companies.
Most of the tax on 2022 profits was paid in 2023, including the EU solidarity contribution. Arrears due to be paid in 2022, calculated on the previous year's tax charge, were limited as a result of lower profits in 2021. Our Payments to Governments Report for 2022 shows that Shell paid around $78.5 million in royalties and fees.
Read more in Total tax contribution, in Windfall taxes and in Payments to Governments Report(shell.com/payments-to-governments).
