CHAPTER 3 We advance in sustainable performance

106

Transparency and fiscal responsibility are of the utmost importance to Cepsa. Our Tax Policy includes principles that help us to reduce tax risks. We use transparent corporate structures and schemes, and we adhere to good tax practices recommended in the territories where we operate.

3.7 TRANSPARENCY AND FISCAL RESPONSIBILITY

Code of Good Tax Practices - Transparency Report. We are adhered to the Code of Good Tax Practices in Spain. We are also active members of various Large Companies Forum work groups and we file the Annual Tax Transparency Report with the tax authorities on the year s main tax-related activities.

Report on Payments to Public Administrations for Exploration and Production activities.

MILESTONES 2021

370 268 324 Tax on profits paid by the company (million )1.

Voluntary submission of the 'Country by Country Report'.

1 This chapter provides a breakdown of this amount by country, as required by Non-Financial Reporting Act 11/2018. The company also provides in an appendix the 'Country-by-Country Report' data, which include tax contributions made in each jurisdiction.

MAIN INDICATORS 2021 2020 2019