Tax transparency

Tax transparency

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The Red Eléctrica Group is committed to comply with tax legislation and its tax obligations, and is engaged in fostering a cooperative relationship with tax administrations. Moreover, the contribution to the economic and social development derived from the Group’s tax contribution, made by means of the payment of taxes in all the territories in which it operates, is considered relevant.
 

Our commitment: clear and truthful information

A key element in achieving trust is to provide, with the utmost transparency and on a voluntary basis, clear and truthful information, necessary for the various stakeholders and to comply with legal and tax requirements.

KEY DATE
in 2021

€775m
total tax
contribution

 

More than €3,600 m
tax payments in the
2017-2021
period

 

47%
of value generated
earmarked
for tax payments

 

97%
of the
total tax contribution
made in Spain

 

40%
tax contribution
​compared to revenue

 

Redeia is leading the way in fiscal transparency

Redeia has been acknowledged in 2021 as the company to offer the most information with regard to fiscal matters, according to the 'Contribution and transparency 2021 report'. The report contains an analysis of voluntary transparency on the part of IBEX 35 companies in content related to their tax obligations.

The Contribution and transparency 2021 report, here (Available in Spanish)