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 2021 can be summarized as:
€11.455 B
in total taxes paid
53%
of our profit is allocated to tax payments
35 countries
where we pay taxes
View our Tax Contribution Report
Recognized as a highly transparent 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 Haz Fundación.
Committed to the Code of Best Tax Practices
We have submitted the Voluntary Tax Transparency Report to the AEAT (Spanish Tax Authorities) every financial year since 2015 to demonstrate our commitment to increased transparency. The AEAT published a list of the companies that produced this report in 2020.
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 third consecutive year, acting ahead of best practices.
Aligned with the highest transparency 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.
