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  • 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 Ukraine since 2006. In 2015, Shell ceased its exploration activities in Ukraine and in 2021 ended all upstream activities. Shell has downstream activities through the Cicerone Holding B.V. joint venture (JV). The JV owns 132 retail sites in Ukraine but operates 117 due to Russia's invasion of the Ukraine. The mobility JV business pays taxes locally and employs around 1,500 people. JV staff are not included in the table under country-by-country reporting (CbCR) rules.

Country financial analysis

The statutory corporate income tax rate in Ukraine is 18%. The profit and tax paid by the joint venture companies are not included in our CbCR report for Ukraine because the accounting principles of the joint ventures are based on equity accounting. In line with CbCR requirements, these numbers are reported in the shareholder locations. The numbers reflected in the table are for companies that are in the process of being liquidated. 

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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Country-by-country reporting (CbCR)
Country-by-country reporting was introduced for all large multinational enterprises (MNE) as part of the OECD BEPS project. The report should disclose aggregate data on income, profit, taxes paid and economic activity among tax jurisdictions in which the MNE operates. The report is filed with the main tax authority (typically the tax authority in the country in which the MNE has its head office) which can share it with tax authorities in other countries.
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Tax paid
This includes corporate income tax paid in 2022. In some cases, it may include payments made in relation to previous years or future years, as tax payments are often made in arrears or in advance. It also includes accrued withholding taxes on dividend, interest and royalty payments to Shell entities. It does not include withholding taxes collected by Shell on dividends paid to shareholders.
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