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Transparent and responsible taxation

In 2023, we maintained historically high tax contribution levels

The significant tax contribution generated by our businesses and activities is borne by the Company (tax burden) and by our clients, employees, and investors (taxes collected for third parties).

€15.112 B

Total taxes paid.

50%

Total percentage of our profit allocated to tax payments.

€6.396 B

Total environmental tax paid.

€10.466 B

Total taxes paid in Spain.

69%

Spain as a percentage of total taxes paid.

€5.365 B

Environmental taxes paid in Spain.

Repsol, 100% transparent company according to the EU Tax Observatory

We are the only Spanish company to achieve the maximum score. The prestigious body's assessment places us among the world leaders in transparency and good tax practices.

Go to Taxplorer

View our Tax Contribution Report

See PDF (29 MB)

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 publishes a list of the companies that produced this report between 2020 and 2022.

Spanish Tax Administration Agency

Maximum transparency in country-by-country corporate tax reporting

In 2018, we were the first Spanish company to voluntarily publish the country-by-country report. Since then we have maintained this practice and, in 2024, the EU Tax Observatory has evaluated our reports with a score of 100 out of 100 in transparency.

View report |PDF| 3.67 MB

Recognized as a highly transparent company

We were awarded the "T for transparent - Three stars" seal (highest recognition) for the second consecutive year by the Haz Fundación for our tax transparency. We have also been awarded with the first prize in the EU by the Dutch Association of Investors for Sustainable Development (VBDO).

Go to hazfundacion.org

We have incorporated our tax-related objectives into our Global Sustainability Plan.

See PDF (11 MB)

Our tax strategy

We want to be recognized as a transparent and trustworthy company when it comes to our tax practices.

Responsible tax policy

We manage our tax affairs by applying good tax practices and align ourselves with the most stringent standards.

Learn about our best practices

Tax contribution

We duly pay our taxes wherever we operate by efficiently managing our tax obligations.

We are cooperative

Presence in tax havens

We do not have a significant presence in non-cooperative jurisdictions.

We are transparent

Cooperative relationships

We promote cooperative relationships with governments to avoid significant risks and unnecessary conflicts.

Discover our lines of action

Tax control framework

We prevent conduct that could give rise to significant tax risks.

Discover our management and control system

Acting responsibly

The Repsol Code of Ethics and Conduct, approved by the Board of Directors of Repsol, S.A., regulates our model of behaviour in all our activities and operations beyond what is legally required.

As part of this compliance culture, we have zero tolerance for criminal offences and an obligation to prevent or mitigate the criminal risks faced by the Company. These include the prohibition of bribery of officials, including any improper payments to government entities as in the private sector, money laundering, or engaging in improper practices that may limit free competition.

We also have our own mechanisms for preventing corruption such as our Anti-Corruption policy, our crime prevention model, and our System of Internal Control over Financial Reporting.

Ethics and compliance>