Promoting a relationship based on trust, professionalism, good faith, collaboration, loyalty, and understanding with tax administrations
We collaborate with tax administrations to detect and find solutions to fraudulent tax practices, provide access to information, and prioritize non-litigious means of resolving conflicts. Our aim is also to facilitate the application of the tax system, increase legal security, and reduce litigiousness based on reciprocity in our relationships.
We are committed to following the following lines of action:
Collaborate to detect and find solutions to fraudulent tax practices may be occurring in the markets in which we operate
Provide tax information and documentation to public administrations in the shortest time frame possible and within the due scope
Prioritize non-litigious means for resolving disputes whenever possible and make use of the options offered by legal procedures to strengthen agreements with administrations
We participate in various tax forums linked to international organizations such as the Organisation for Economic Co-operation and Development (OECD), the United Nations (UN), and the European Union (EU), among others.
European Trust and Cooperation Approach International Compliance Assurance Programme (ETACA)
Due to our participation in the ICAP pilot program, we were invited to take part in ETACA, a non-legislative cooperative relationship initiative sponsored by the European Commission aimed at promoting tax compliance by taxpayers based on greater cooperation, trust and transparency among companies and tax administrations, as well as among tax administrations themselves.
Code of Best Tax Practices
Since 2010, we have followed the Code of Best Tax Practices (CBP) created by Large Companies Forum. To demonstrate our commitment to greater transparency as outlined in the CBP, every year we voluntarily submit to the Spanish Tax Agency our "Tax Transparency Report" and hold regular meetings held between the Large Taxpayers Central Office and our Company with the purpose to continue gaining a better understanding of the Group's business and activities, policies, and transactions as it pertains to taxation.
The B Team
The B Team is an association that brings together multinational companies from different sectors that promote a new framework for best business practices in tax governance based on the principles of transparency, responsibility, and collaborative compliance. We were part of the workgroup tasked with creating the Responsible Taxation Principles, which we have been following since 2018, and were recognized as one of the most transparent multinational companies.
Business and Industry Advisory Committee (BIAC)
We contribute to the comments that the BIAC prepares regarding documents published by the OECD for public consultation on tax matters, especially double taxation agreements.
International Chamber of Commerce
Repsol is vice-chair of the Commission on Taxation of the International Chamber of Commerce, and it participates in meetings and in several groups of the organization that address important tax aspects or responses to public consultations.
UN Subcommittees
Since 2014, Repsol collaborates with various UN tax subcommittees, such as the Extractive Industry, Carbon Tax, and Conflict Resolution subcommittees, in which we have contributed our practical experience in drafting tax guidelines for developing countries.
Extractive Industry Transparency Initiative (EITI)
Repsol is a founding member of the Extractive Industry Transparency Initiative, supported by more than 460 companies and over 50 countries, and it’s committed to its standards. This initiative was born in 2002 with the aim of promoting transparency and accountability in natural resource-rich countries by setting global transparency standards for payments and strengthening the cooperative relationships between companies and administrations.
Other initiatives we are involved with
We actively participate in the following international forums and work groups.
