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Responsible tax policy

Cooperative relations and environment

A work meeting at the Repsol Campus

We promote 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.

OECD / ICAP logo.

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.

AEAT (Spanish Tax Agency) logo.

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.

B-Team logo.


B-Team is an association formed by multinational companies from different sectors that favor 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 work group that the B-Team has tasked with creating a catalog of Responsible Taxation Principles, which we have been following since 2018. Our Integrated management report and Good tax practices self-assessment demonstrate how we have complied with these principles.

BIAC logo.

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.

UN logo

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.

European Commission logo.

EU Joint Transfer Pricing Forum

We are members of this organization which advises the European Commission and aims to bring together companies, tax administrations, and other members of civil society in order to come up with solutions to problems deriving from defining transfer prices within the context of the EU.

Members of EITI, greater transparency

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.

Other initiatives that we are involved with

We actively participate in the following international forums and work groups:

Logos of initiatives in which Repsol participates.