Our tax strategy
Our tax strategy
We want to be recognized as a transparent and trustworthy company when it comes to our tax practices.
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Transparent and responsible tax policy
Transparent and responsible tax policy
Managing our tax affairs by applying best practices and acting transparently
Managing our tax affairs by applying best practices and acting transparently
At Repsol, we are committed to efficiently and responsibly paying our taxes and promoting cooperative relations with governments, while avoiding significant risks and unnecessary disputes.
Our tax activity in 2020 can be summarized as:
€9.18 B
Total taxes paid in 2020
66%
Of our profit is allocated to tax payments
35 countries
Where we pay taxes
Recognized as the most transparent IBEX 35 company
We received the highest score in the IBEX 35 ranking of companies with the best transparency and responsible tax policy practices according to the "Contribution and Transparency Report 2020" by Spain's Fundación Compromiso y Transparencia (Transparency and Commitment Foundation).
Country-by-Country report
We are the first Spanish company to make public the country-by-country report on a voluntary basis and for the second consecutive year, acting ahead of best practices.
Aligning ourselves with the highest standards
Our tax practices have voluntarily complied with the new GRI-207 transparency standard, the most stringent standard for tax transparency.
Our Global Sustainability Plan incorporates tax-related objectives.
