A capital intense activity, most of the taxes we pay are linked to crude oil production. In total, we paid 1.563 billion euros in 2017.
In Downstream, there was a particularly significant tax burden in 2017: we paid 10.281 billion euros. Of particular importance are the tax on hydrocarbons, VAT, and corporation tax.
The necessary services are provided for every business across the value chain. Repsol's corporate area paid 135 million euros in tax in 2017.
At Repsol, we manage our costs and tax benefits efficiently to make sure we comply with our tax obligations without hindering the creation of value for our shareholders.This management model supports the development of our operations and business models by respecting the law in its totality, bearing in mind the global interests of the company and avoiding serious tax risks.