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Responsible tax policy Tax contribution by country

Regulatory compliance and responsible payment of taxes

We are committed to paying taxes responsibly in the countries where we operate.

Regulatory compliance

We are aware of our responsibility in the the economic development of the communities in which we are present and that our contributions represent a significant part of the economy in the countries where we operate. Our taxes represent a significant contribution to the economies of the countries where we carry out our activities and therefore we are committed to:

  • Complying with the law, respecting both the letter and spirit of the law
  • Applying the “arms length” principle in our intra-group transactions
  • Adopting our tax decisions based on solid economic or business reasons or on commonly accepted practices, avoiding abusive tax planning schemes or practices
  • Not using opaque or contrived corporate structures to hide or reduce the transparency of our activities
  • Providing true, complete information on our transactions
  • Aiming for certainty, stability, and predictability in terms of the tax criteria applied by administrations by using procedures set out in regulations and collaborating with tax authorities (prior agreements, tax consultations, etc.)

Paying taxes responsibly: our tax contribution

To understand the tax contribution paid by the Repsol Group, the following criteria must be taken into consideration:

  • Taxes paid are divided into those that are actual expenditures for the company that lower its profit (the corporation tax, tax on production, company social security payments, etc.) and those that do not lower profit because they are withheld or impact the end taxpayer (e.g. added value tax, tax on hydrocarbon sales, withholding taxes, etc.). We call the first "Tax Burden" and the second "Taxes Collected."
  • Only those taxes effectively paid in the fiscal year are calculated. Therefore, we do not include, for example, taxes on income accrued in the fiscal year but that will be paid in the future. Returns from previous years are also not included.

The taxes paid by the Group (entities either controlled or with joint control, except Gas Natural Fenosa) broken down by country are as follow:

Tax contribution by country

Million euros 

      Tax burden

                      Taxes collected

Corporate income tax

Others

Total

VAT

Tax on hydrocarbons

Others

Total

Total tax paid in 2016 Total tax paid in 2015
Spain

783

419

1.202

2.489

4.929

342

7.760

8,962 8.762
Portugal

30

11

41

279

787

19

1.085

1.126 
1.140
Italy

-

3

3

30

136

2

168

171 206
Netherlands

89

-

89

-

-

1

1 90 58
Norway

-

3

3

17

-

24

41

44 15
Rest of Europe

3

11

14

-39

-

32

-7

7 10
Europe

905

447

1.352

2.776  

5.852

420

9.048

10.400 10.191
Peru

18

61

79

276

143

22

441

520 564
T&T

4

30

34

-40

-

5

-35

-1 176
Brazil

1

82

83

-

-

20

20

103 137
Bolivia

40

6

46

28

-

5

33

79 125
Colombia

23

1

24

-4

-

19

15

39 56
Venezuela

6

5

11

-12

-

2

14

25 81
Ecuador

6

7

13

1

-

5

6

19 43
Rest of Latin America

-

-

- -

-

-

-

- 46
Lat. America & Caribbean

98

192

290

273

143

78

494

784 1.128
Indonesia 128 0 128

2

-

6

8

136 130
Malaysia 0

142

142

-18

-

17

-1

141 121
Russia 5

52

57

6

-

2

8

65 66
Vietnam 13

15

28

-2

-

2 0 28 28
Rest of Asia

-

2

2

4

-

15

19 21 16
Asia and Oceania

146

211

357

-8

-

42

34

391
361
USA

-3

48

45

2

-

42

44

89
80
Canada

2

20

22

-5

-

47

42 64 74
North America -1

68

67

-3

-

89

86

153 154
Algeria

20

3

23

-

-

5

5 28 27
Rest of Africa

-

1

1

-

1

6

7

8 28
Africa

20

4

24

0

1

11

12

36 55
TOTAL

1.168

922

2.090

3.038  

5.996

640

674

11.764 11.989