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Our tax data
Saudi Arabia
27 Employees
THIRD-PARTY REVENUES
RELATED-PARTY REVENUES
TOTAL REVENUES
PROFIT BEFORE TAX
TAX PAID
TAX ACCRUED
TANGIBLE ASSETS
STATED CAPITAL
ACCUMULATED EARNINGS
Main Business Activities
- Downstream
- Manufacturing
Shell has been present in Saudi Arabia for more than 75 years. Our activities include oil refining through Saudi Aramco Shell Refinery Company (SASREF), and the marketing of lubricants through Al Jomaih and Shell Lubricating Oil Co. Ltd. (JOSLOC).
In 2019, Shell sold its 50% interest in SASREF to Saudi Aramco.
Country Financial Analysis
The statutory corporate income tax rate in Saudi Arabia is 20%.
Corporate income taxes are paid in arrears in Saudi Arabia. The tax paid in 2019 relates to the taxable profit made in 2018 and covers the instalment payments made in the period up to September 2019 when the shares in SASREF were transferred to Saudi Aramco. The tax accrued amount includes the amount of tax payable at the corporate income tax rate of 20% on the taxable profits generated by SASREF during 2019 up to the moment of the sale of the shares of SASREF in September 2019.
