Luxembourg
Employees
10
Total tax contribution
$67,547,430
Taxes borne
$92,257
Taxes collected
$67,455,173
-
Third-party revenues
$418,386,454
-
Related-party revenues
$1,093,059
-
Total revenues
$419,479,513
-
Profit before tax
$(2,021,909)
-
Corporate income tax paid
$92,257
-
Corporate income tax accrued
$129,301
-
Stated capital
$28,765,229
-
Accumulated earnings
$38,660,296
-
Tangible assets
$137,466,672
-
Other payments to governments
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Shell's footprint
Shell has been present in Luxembourg since 1920. Shell has 34 retail sites and a petroleum terminal in Luxembourg. We offer our customers a wide range of lubricants and access to electric vehicle charge points and supply Luxembourg Airport with aviation fuel. Shell is in the process of finalising the liquidation of its Luxembourg entities which previously provided financing and hedging services to other companies within Shell.
Country financial analysis
The statutory corporate income tax rate in Luxembourg is 17% (18.19% including an unemployment fund contribution). Companies also pay a municipal business tax rate of between 6.75% and 10.5%. Shell companies in Luxembourg reported a loss before tax in 2022 due to a contamination provision and currency exchange losses. The corporate income taxes paid are advance payments of the municipal taxes and the unemployment fund contribution.
Read more in Total tax contribution.
