Tax contributions across the value chain

Repsol employee on campus

Effectively managing our tax obligations

At Repsol, we effectively manage our costs and tax benefits 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 significant tax risks.

Applying transparent and general tax breaks

We ensure that the tax breaks offered by government authorities are in accordance with the regulatory framework and are accessible to all economic players. Moreover, we support that governments publish the tax incentives included in oil contracts.

Honesty and transparency are paramount in our tax matters

We are committed to transparency, accountability, applying the best international tax practices, and promoting cooperative relationships.