GLOBAL EMPLOYEE SHARE PURCHASE PLAN (GESPP) COUNTRY FACT SHEETS

Transcription

1 GLOBAL EMPLOYEE SHARE PURCHASE PLAN (GESPP) COUNTRY FACT SHEETS Introduction This document provides information on the participating countries including the contribution limits, whether any tax will be withheld or due on the bonus shares at delivery and any specific restrictions or applicable information. Click on the relevant country to see the information. 12B65E 09

2 Please click the links above to be directed to the relevant section for that country. 2

3 3 CONTENTS BARBADOS BELGIUM BERMUDA BRAZIL BRUNEI CANADA CHINA DENMARK EGYPT FINLAND GABON HONG KONG INDIA 5 ISLE OF MAN 18 RUSSIAN FEDERATION 31 6 JAPAN 19 SAUDI ARABIA 32 7 LUXEMBOURG 20 SINGAPORE 33 8 MALAYSIA 21 SOUTH AFRICA 34 9 MEXICO 22 SWEDEN NETHERLANDS 23 SWITZERLAND NEW ZEALAND 24 SYRIA NIGERIA 25 THAILAND NORWAY 26 TURKEY OMAN 27 UAE PHILIPPINES 28 UNITED KINGDOM POLAND 29 UNITED STATES QATAR 30 VENEZUELA 43

4 IMPORTANT NOTES REGARDING CONTRIBUTIONS AND TAXES 4 Contribution limits applicable to GESPP 2017 are displayed for each payroll in the applicable currency Annual Maximum 6,000 / 10 Annual Minimum Conversion to local currencies using FX rate on 1 November 2016 You decide how much you wish to contribute and whether to do this on a regular basis each month, for only a few months at a time or even for one month only. An annual limit is set for the total amount you can contribute for the year but how much you contribute and how you spread your contributions is your decision. You can choose to stop or withdraw your contributions at any time during the Plan year. Weekly or semi-monthly paid If you are paid weekly or semi-monthly you must still select a contribution as a monthly amount for enrolment purposes. If you are on US Payroll, including expatriates, your GESPP deductions will be taken in equal amounts from your first two payroll runs each month (excluding bonus runs where applicable). If you are on Canadian Payroll, your GESPP deductions will be taken entirely from your last payroll run each month. Note for expatriates In some countries the remuneration of expatriates is calculated and paid in country. In this case the contributions are determined in local currency. In some countries expatriates may be paid by the Expatriate Central Payroll (ECP) or have their remuneration calculations prepared by ECP in some cases this applies to only certain companies in those countries. If your remuneration including your GESPP deduction is processed by ECP you must contribute to the plan in Euro and your country / payroll description shows as ECP (irrespective of the country). Foreign exchange implications The deductions made from your salary will be converted monthly into Euro. Those Euro funds will either be used at the end of the plan year to buy the shares (which are denominated in Euro) or, if you request the return of the funds, will be reconverted into a currency of your choice and delivered to your bank account. The exchange rate between your payroll currency and the Euro may fluctuate (up or down). This exchange rate fluctuation is for your own account and may affect any gain (or loss) you may make. For US base country participants your contributions will be held in dollars and will go forward to purchase RDS.A ADS at the end of the Plan year unless you request the return of the funds. Tax notes Participation in GESPP is likely to have personal tax consequences for you and the precise implications will depend on your particular circumstances. If you are in any doubt as to the tax implications of GESPP participation Shell recommends you seek independent professional tax advice about your personal situation. Income tax and social The income tax/social withholding positions on delivery of shares under GESPP are detailed for each country. If, when your shares are delivered, you are still on the same payroll from which your last GESPP contribution was deducted, the total number of shares purchased under the plan will be delivered into your Computershare account. In jurisdictions where the discount on the shares is taxable and subject to income or social tax withholding, your local payroll will calculate and make a deduction of any tax due from your normal monthly salary. Payroll will determine at what rate taxes should be deducted in accordance with usual practice. Please note that this should be withheld from your pay in the February payroll but this could vary depending on your employment location. If, when the shares are delivered, you are no longer on the same payroll from which your last GESPP contribution was deducted, if there is a withholding obligation, a number of shares will be sold to meet that obligation. Therefore, only the net amount of shares after deduction for the withholding obligation will be delivered into your Computershare account. In these circumstances, taxes will be calculated using the marginal withholding rate in the relevant jurisdiction. Please note, that in these cases, Computershare and Shell do not have access to the personal information necessary to determine the precise withholding rate applicable in any particular situation. In cases where the actual withholding tax rate that should apply to you may be less than the marginal rate that has been applied, then your local payroll may refund the extra amount to your bank account where this is possible. Alternatively (and more likely, as you are no longer on the company payroll) a tax return will need to be filed in order to reclaim any overwithholding. In instances where there is no withholding requirement but your award is taxable, you are responsible for declaring and settling any tax that may be due in accordance with local rules. Other taxes In addition to the potential income tax implications on the delivery of shares under GESPP, depending on your tax jurisdiction, it is possible that there could be further taxes due in respect of your shares. Please note that Shell will only withhold and report income and social taxes due on delivery of the shares where there is an obligation to do so. You are responsible for ensuring that the transaction (and all subsequent transactions of GESPP shares) is correctly reported to the relevant tax authorities in the event that there are other taxes due. Income tax Please note that the positions set out below are intended as general guidance only (top rates and uncapped social tax rates are reported). The precise tax implications of participation in the plan may vary depending on your personal circumstances. Tax law can be subject to frequent revision and it is possible that a tax authority may take a contrary view to the positions set out below. In the event you are uncertain as to the implications of participation in GESPP you should seek independent professional tax advice.

5 5 BARBADOS BARBADOS (BB) BBD 6, Yes No Due to regulations specified by the Central Bank of Barbados, the annual maximum is limited to BBD 6,250 BARBADOS > Expats only (ECP) EUR 6, Yes No Due to regulations specified by the Central Bank of Barbados, you can only participate in the plan if your period of residence in Barbados is 3 years or less.

6 6 BELGIUM BELGIUM (BE) > CRI Catalyst Company Belgium N.V (BE2) EUR 6, Yes Yes 63.07%

7 7 BERMUDA BERMUDA > Shell Oman Trading Co Ltd (Bermuda) (BM) USD 6, No No BERMUDA > Expats only (ECP) EUR 6, No No

8 8 BRAZIL BRAZIL (BR) BRL 21,020 1, Yes Yes 27.50% TAX : a 27.5% rate is applicable for Brazilian locals who have left the Shell group and whose last country of employment was Brazil. 25% is applied for Brazilian and non Brazilians nationals who have transferred out of Brazil and whose last contribution was from Brazil.

9 9 BRUNEI BRUNEI > Expats only (BN) EUR 6, No N/A

10 10 CANADA CANADA (CA) CAD 8, Yes Yes 42.00%

11 11 CHINA CHINA locals only with base country China > Shell (China) Ltd (CN1) > SCEPCo (CN2) > Shell (China) P&T (CN3) > Shell (SH) Technology Ltd (CN4) CNY 44,673 3, Yes Yes 45.00% In order to comply with the requirements of SAFE,when shares are eventually sold from the China VSA the proceeds must be remitted to the Shell company bank account monitored by SAFE and will then be distributed to the participant's own bank account in China in RMB. Chinese nationals and locally hired foreigners who have left Shell will have delivery settled in CASH.

12 12 DENMARK DENMARK > A/S Dansk Shell (DK) > Shell Olie- og Gasudvinding Danmark B.V. (DK2) DKK 44,631 3, Yes No

13 13 EGYPT EGYPT > Shell Egypt NV and Badr El Din Patroleum Co (EG2) > Shell Lubricants Egypt (EG3) EGP 58,554 4, Yes Yes 22.50% EGYPT > Expats only (ECP) EUR 6, Yes Yes 22.50%

14 14 FINLAND FINLAND > Shell Aviation Finland Oy (FI3) EUR 6, Yes Yes 57.76%

15 15 GABON GABON (GA) XAF 3,935, ,978 6,559 Yes Yes 20.00% GABON > Expats only (ECP) EUR 6, Yes Yes 20.00%

16 16 HONG KONG HONG KONG (HK) HKD 51,136 4, Yes No Contributions need to come from a direct debit from a bank account (not via salary) and an additional form will need to be completed for this. This will be sent to you separately after you enrol.

17 17 INDIA INDIA > Shell India Markets Private Limited (IN1) > Hazira Port Private Limited (IN2) > Hazira LNG Private Limited (IN3) INR 440,076 36, Yes Yes % As soon as you contribute to the GESPP in India you will be required by law to send the proceeds of any sale of shares purchased under the GESPP (or any contributions that are refunded) back to your primary Indian bank account (where Shell pays your salary) in rupees. Furthermore, any dividends accrued in relation to shares purchased in the GESPP will not be re-invested and you will instead receive cash dividends that also need to be paid to your Indian bank account. These requirements are invoked because the shares issued under the GESPP are considered to be foreign for the purposes of the relevant law. RDS plc and any of its subsidiaries do not accept any responsibility in relation to these requirements. It is your responsibility to comply with the legal requirements summarised above (and other laws) and accordingly you will be liable for any fines or charges for any failure to comply. For a full description of your requirements download the country restriction document, here.

18 18 ISLE OF MAN ISLE OF MAN > Shell Ship Management Ltd (IOM) GBP 5, Yes No (yes for National Insurance) 12.00%

19 19 JAPAN JAPAN > Shell Chemicals Japan Ltd (JP) > Shell Japan Ltd (JP3) JPY 692,666 57,722 1,154 Yes Yes 45.00% Participation is limited to existing contributors within Japan. JAPAN > Expats only ECP 6, Yes Yes 45.00% Participation is limited to existing contributors within Japan.

20 20 LUXEMBOURG LUXEMBOURG (LU) EUR 6, Yes Yes 45.78%

21 21 MALAYSIA MALAYSIA > OP (MY) > EP (MY2) > SBO Kuala Lumpur (MY3) MYR 27,612 2, Yes Yes 26.00%

22 22 MEXICO MEXICO (MX) MXN 124,453 10, Yes Yes 39.50% MEXICO > Expats only (ECP) EUR 6, Yes Yes 39.50%

23 23 NETHERLANDS NETHERLANDS (NL) EUR 6, Yes Yes 52.00%

24 24 NEW ZEALAND NEW ZEALAND > SNZ LTD (NZ) > STOS LTD (NZ2) NZD 9, Yes No Please refer to the New Zealand section specifically included in the Important Information for GESPP 2017.

25 25 NIGERIA NIGERIA (NG) NGN 2,078, ,229 3,464 Yes Yes 24.00% NIGERIA > Expats only (ECP) EUR 6, Yes Yes 24.00%

26 26 NORWAY NORWAY > A / S N o r s k e S h e l l ( N O ) NOK 54,322 4, Yes Yes 46.72% If you sign the application form, you consent to deductions from your salary.

27 27 OMAN OMAN > Oman LNG LLC (OM) > Shell Oman Marketing Company SAOG Expats (OM2) > Shell Development Oman LLC (OM4) OMR 2, No N/A OMAN > Expats PDO/SDO (ECP) EUR 6, No N/A

28 28 PHILIPPINES PHILIPPINES > SBO - Manila (PH) > Pilipinas Shell Petroleum Corp and Shell Intl Petroleum Co Ltd (PH3) > Shell Philippines Exploration BV (PH4) PHP 319,298 26, Yes Yes 32.00%

29 29 POLAND POLAND >Shell Polska, SBO Krakow (PL1) > Shell Polska, Warsaw ( PL2) PLN 25,885 2, No No N/A You will be required to supplement your online enrollment with written consent confirming that you have agreed to the terms and conditions governing the Plan which include the deduction of contributions from your net salary (at the level you specified in your online application) in each pay cycle until you decide to withdraw from participation. In order to complete the enrolment process for Poland you are required to confirm in writing your agreement (1) to those contributions being deducted from your net salary and (2) that if you wish to change the level of your contribution to the Plan this will be done by you indicating the revised contribution level on your Computershare account online. You will be asked to print a copy of the Polish confirmation and your participation in the Plan will be terminated if you fail to complete this step. Capital Gains Tax can be due on the sale of your shares and it is the employee s responsibility to declare and pay the tax. Capital Gains Tax is outside the scope of the Computershare system and the Shell tax department cannot advise on this. Please speak to an independent tax adviser should you require further information.

30 30 QATAR QATAR > QSSC (QA) > QSGTL (QA2) QAR 24,009 2, No N/A QATAR > Expats only (ECP) EUR 6, No N/A

31 31 RUSSIAN FEDERATION RUSSIAN FED. > Expats only (ECP) EUR 6, Yes Yes Tax withholding is due only if you are on Russian payroll.

32 32 SAUDI ARABIA SAUDI ARABIA > Expats only (ECP) EUR 6, No N/A This applies to expats in South Rub Al-khali Company Ltd only. For local compliance reasons your delivery will be settled in CASH.

33 33 SINGAPORE SINGAPORE > Shell Chemicals Seraya PTE Ltd (SG3) > CRI/Criterion and Shell Global Solutions Intl (SG4) > All others (SG) SINGAPORE > Shell International Shipping Services (SISS) SGD 9, Yes Yes 22.00% GBP 5, No N/A Tax withholding is applicable for non-sg nationals who are no longer in SG.

34 34 SOUTH AFRICA SOUTH AFRICA > Shell and BP South Africa Petroluem Refineries Limited (ZA) > All other companies (ZA2) ZAR 89,163 7, Yes Yes 41.00% In order to participate in the plan you must hold a current tax clearance form for foreign exchange purposes. Further details will be sent to you after you have enrolled. It will be your responsibility to keep the tax clearance certificate current. Should it lapse at any time you will no longer be able to participate in the plan until such time as you get a renewed certificate.

35 35 SWEDEN SWEDEN > Shell Aviation Sweden AB (SE4) SEK 59,250 4, Yes Yes 61.00%

36 36 SWITZERLAND SWITZERLAND (CH) CHF 6, Yes Yes % TAX : a 26.5% rate is applicable for participants who have transfered out of Switzerland and whose last contribution was from Switzerland.

37 37 SYRIA SYRIA > Expats only (ECP) EUR 6, No N/A For local compliance reasons your delivery will be settled in CASH.

38 38 THAILAND Thailand (TH) THB 230,958 19, Yes Yes 35.00%

39 39 TURKEY TURKEY (TR) TRY 20,461 1, Yes Yes 35.00% TURKEY > Expats only (ECP) EUR 6, Yes Yes 35.00%

40 40 UNITED ARAB EMIRATES UNITED ARAB EMIRATES > SEPIL / SIGPL (AE) > Shell Abu Dhabi BV (AE2) > Shell Markets (Middle East) Ltd (AE3) AED 24,219 2, No N/A UNITED ARAB EMIRATES > Expats only (ECP) EUR 6, No N/A

41 41 UNITED KINGDOM UNITED KINGDOM > Expats (GB) > CRI/Criterion (GB2) > BG International Ltd (GB7) GBP 5, Yes Yes 47.00% Applicable to Expats only except for employees of BG International Ltd and CRI/Criterion.

42 42 UNITED STATES UNITED STATES > US base country (US1) > Expats in US (US2) USD 6, Yes Yes See notes TAX : For those on US payroll and working in the US at the time of the purchase, US income tax withholding and US social tax withholding will apply to the taxable compensation amount. For those on US payroll and working in a non-us host country at the time of the purchase, US social tax withholding will apply to the taxable compensation amount. US income tax withholding will also apply to the taxable compensation amount, but only if the non-us host country does not impose a mandatory income tax withholding requirement on such amount. If the non- US host country imposes a mandatory income tax requirement, the host country income tax withholding will apply and will be deducted from your net pay on your host payroll, where possible. You may have reporting liabilities for more than one country depending on the rules in place in the countries that you have worked in throughout the life of your GESPP participation. If the company is not legally required to withhold taxes from your income, but taxes are due because of the purchase, you will have to make this payment as part of the tax return process. US and/or host country income and social taxes on your GESPP income are your own liability, however tax protection rules may apply.

43 43 VENEZUELA VENEZUELA > Shell Venezuela SA (VE) > Shell Venezuela Productos CA (VE2) VEF 65,857 5, Yes No Nota: Si usted está en una nómina de pago quincenal, usted debe suscribir una contribución mensual como parte del proceso de la inscripción.