A capital intense activity, most of the taxes we pay are linked to crude oil production. We paid a total of €2.029 billion in 2018.
In Downstream, there was a particularly significant tax burden in 2018: we paid €11.036 billion. 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 €535 million in taxes in 2018.
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.