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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 Turkey since 1923. In 2006, Shell established Shell & Turcas Petrol A.S. (Shell interest 70%), which has a network of more than 1,000 retail sites and is active in lubricants, fleet solutions and commercial fuels. Shell also has a lubricants and grease production plant in Derince. Shell's other activities in Turkey include chemicals, aviation, marine, gas and power. In 2011, Shell started upstream activities in partnership with the national oil company, Turkish Petroleum.

Country financial analysis

The statutory corporate income tax rate in Turkey is 23%. In 2022, Shell in Turkey recorded a profit before tax of around $199 million and paid around $59 million in corporate income tax. While some entities reported losses, these are not offset against overall profits. Tax is paid on entities showing a profit in their local financial statements, which in 2022 included entities active in mobility, trading and supply, lubricants and chemicals. In 2022, Turkey had a very high average inflation rate of around 70%. As a result, Shell applied the IAS 29 standard for financial reporting in hyperinflationary economies, which impacted some of the financial numbers in the table. The value in US dollars of goods we held in inventories also increased, which led to a rise in revenues and profit before tax.

Read more in Total tax contribution.

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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