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Responsible tax policy

Cooperative Relations and Environment

We collaborate with tax administrations in detecting and searching for solutions to fraudulent tax practices, facilitate access to information, and prioritize non-litigious means of resolving conflicts

We collaborate with tax administrations in detecting and searching for solutions to fraudulent tax practices, facilitate access to information, and prioritize non-litigious means of resolving conflicts. We aim 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 below action lines in our relations with tax administrations:

  • Collaborate in detecting and searching for solutions to fraudulent tax practices that could exist in the markets in which we operate.
  • Facilitate tax information and documentation to public administrations in the shortest time frame possible and with the due scope.
  • Prioritize non-litigious means of resolving conflicts when possible and make use of the possibilities 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)

This is an international initiative for greater cooperation between tax administrations. It was created in the context of work carried out by the OECD to monitor tax risks, with the purpose of achieving a coordinated definition of the level of tax risk in multinational groups regarding transfer prices. The administrations that are currently involved in this initiative are those of: Australia, Canada, Spain, the US, Italy, Japan, the Netherlands, and the United Kingdom. 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 operations, thus indicating greater certainty regarding the tax impact of activities and transactions carried out:

AEAT (Spanish Tax Agency) logo.

Code of Best Tax Practices

Since 2010 we have followed the Code of Best Tax Practices created by the Tax Administration's Large Companies Forum. We aim to promote transparency, good faith, and cooperation with the Tax Administration’s State Agency in business tax practices and legal security in everything related to the application and interpretation of current regulations by the Tax Agency. Following this code requires us to promote a cooperative, loyal relationship with the Tax Agency, thereby increasing the effectiveness of the controls of the Large Companies Forum and reducing the litigiousness and legal insecurity to which large companies may be exposed. To demonstrate our commitment to strengthened transparency as outlined in the Code of Best Tax Practices, we voluntarily sent our 2015, 2016, and 2017 Tax Transparency Reports to the Spanish Tax Agency. These reports detail the Group’s financial activities as well as any actions and decisions relating 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 form part of the work group that the B-Team has tasked with creating a catalog of Responsible Taxation Principles. We have decided to adhere to these principles, demonstrating our commitment to promoting and implementing them effectively in every business that we hold a majority share and have control.

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

The UN Subcommittee on Extractive Industries Taxation

We contribute our practical experience to the various tax subcommittees where we participate (the extractive industry, environmental taxes, and conflict resolution) in areas of double taxation agreements, carbon taxes, and collaborative compliance.

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.

Tax Policy

The Group's tax policy and strategy was adpoted by the Board of Directors of Repsol, S.A. on November 25th, 2015.

The B Team Responsible Tax Principles

Download the B Team Responsible Tax Principles