Cooperative relationships and environment

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:

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International Compliance Assurance Programme (ICAP)

An international initiative for cooperative engagement between tax administrations of the OECD aimed at achieving a coordinated definition of the tax risk level in multinational groups regarding transfer pricing. After the invitation from the Spanish Tax Agency to participate in the ICAP pilot program, in 2018 we received the final letters from the various tax agencies recognizing our “low tax risk” score in intra-group transactions.

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Code of Best Tax Practices

Since 2010, we have followed the Code of Best Tax Practices created by the Spanish Tax Administration and the Large Companies Forum. Following this code requires us to promote a cooperative, loyal relationship with the Tax Agency, thereby reducing litigiousness and legal insecurity. To demonstrate our commitment to greater transparency as outlined in the Code of Best Tax Practices, on a yearly basis we voluntarily submit to the Spanish Tax Agency our "Tax Transparency Reports," which include tax information regarding the Group's financial activity. Along the same lines, it's also worth noting, due its pioneering nature, the regular meetings held between the Large Taxpayers Central Office and the 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.

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The B Team

The B Team is an association formed by multinational companies from different sectors that support a new framework for best business practices in tax governance based on the principles of transparency, responsibility, and collaborative compliance. We are part of the workgroup that the B Team tasked with creating a catalogue of Responsible Taxation Principles, which we have been following since 2018. In 2020, we were recognized as one of the most transparent multinational companies for endorsing and performing a self-assessment according to the B Team principles and the GRI-207 standard, voluntarily disclosing our reports on our Country-by-country tax contribution and our Presence in tax havens and controversial jurisdictions, and incorporating tax objectives in our sustainability plans.

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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.

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International Chamber of Commerce

Repsol is Vice-chair of the Commission on Taxation of the International Chamber of Commerce. Repsol's participation in the meetings and in several of the groups of this organization has included the contribution of comments to the Report on cooperative relations carried out with the University of Vienna, or to the Practical Guide for the negotiation of tax agreements that was published for public consultation by the Platform for Collaboration in Tax Matters.

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UN Subcommittees

We collaborate with various UN tax subcommittees, such as the Extractive Industry, Carbon Tax, and Conflict Resolution subcommittees, and contribute our practical experience in drafting tax guidelines for developing countries.

Members of the EITI

Extractive Industry Transparency Initiative (EITI)

Repsol is a founding member of the Extractive Industry Transparency Initiative (EITI) and it is committed to its standards. This initiative was born in October 2002 with the aim of promoting transparency and accountability in natural resource-rich countries. EITI sets a global standard for companies to publish what they pay and governments to report what they receive, in a process that emphasizes the participation of multiple stakeholders (companies, governments and NGOs), thus strengthening the cooperative relationships of these companies with administrations. EITI is supported by more than 40 oil, gas, and mining companies and nearly 35 countries.

Woman speaking in a meeting