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Financial information

Fiscal strategy and tax risk control
Code of tax conduct
Tax Contribution

Fiscal strategy and tax risk control

Our fiscal policy follows the tax regulations in force in each of the countries in which we operate, as established in the "OECD Guidelines for Multinational Companies", as well as the guidelines set by the Board of Directors. Our practices are founded on transparency, good faith and cooperation with the tax authorities. Our principles of action are as follows:

  • We are committed to paying all taxes due according to current regulations, in due time and form.
  • We regularly inform the Abertis Infraestructuras' Board of Directors about the tax practices applied inAbertis Group and the controls that exist in that regard. In addition, we inform the Board of Directors of our analysis of tax matters when they are a relevant factor in investments or commercial decisions that require Board's approval.
  • We are transparent in tax matters, which we report both internally and externally in the respective financial reports.
  • We avoid using opaque structures, processes or systems for tax purposes that seek to transfer profits to low tax jurisdictions (tax havens) or prevent tax authorities from identifying the person ultimately responsible for the activities or the ultimate owner of the assets or rights involved. Abertis has no presence in any country considered a tax haven accordance with Spanish tax regulations (Royal Decree 1080/91, its subsequent reform Royal Decree 116/2003 and Law 26/2014).
  • We apply and interpret fiscal legislation in a reasoned and legally sound manner, taking into consideration other business, financial, accounting and legal factors that might have an impact, so as to reduce areas of uncertainty.
  • We carry out different control practices with the aim of preventing and reducing tax risks in the design and development of our activities, complying with Abertis' Risk Management Policy.

Code of tax conduct

Abertis has voluntarily subscribed to the Code of Good Tax Practices that contains recommendations agreed between the Spanish Tax Authorities and the Large Companies Forum. Abertis complies with the basic principles of conduct which include among others:  

  • Promoting mutual cooperation based on good faith and transparency in tax practices.
  • Increasing legal certainty in the application and interpretation of tax regulations.
  • Reducing litigation and avoiding conflicts in the tax field.

The Code can be found by clicking on Code of Good Tax Practices - Tax Agency

 

Abertis tax professionals must:

  • Effectively manage and comply with Abertis tax guidelines.
  • Receive the necessary training to understand tax regulations and be able to correctly comply with tax obligations.
  • Take all necessary actions to reduce all significant tax risks and prevent conduct that could generate them.
  • Apply all national and international tax laws, rules and regulations in a reasoned and legally sound, exercising the utmost professional diligence and judgement to reach well-reasoned conclusions.
  • Ensure that all decisions are made at an appropiate level and supported by documentation that highlights the facts, conclusions and risks involved.
  • Collaborate with tax authorities, in accordance with principles of transparency, good faith, loyalty and mutual trust, so as to reduce areas of uncertainty and to minimise litigation.
  • Periodically review tax policies and procedures to ensure they are up to date at all times.
  • Coordinate and supervise tax practise, provide tax advice and assess the tax impact of transactions and investment projects, always within the current legal framework, reducing areas of tax uncertainty and/or ensuring their  proper identification.

Tax Contribution

At Abertis, we make a quantifiable economic and social contribution through our commitment to paying taxes to the public administrations of the different countries in which we operate, with the aim of contributing to the public finances that provide the essential services for the progress and socio-economic development of the countries in which we are present.
These payments involve a significant effort to comply with formal obligations, provide information and collaborate with the tax authorities, as well as relevant responsabilities.
The Group's total tax contribution in 2024 amounted to €2.029 billion. In this regard, the Group includes all subsidiaries that are consolidated using th full consolidation method.
Following the OECD methodology, based on the cash (settlement) criterion, the Group's total tax contribution in 2024 amounted to €2,029 billion corresponded to input taxes and €838 million to output taxes.

  • Input taxes are taxes that represent an effective cost for Abertis (payments for income tax, local taxes, indirect taxes of goods and services and social security for the employer's contribution).

  • Output taxes are taxes that do not affect the result but are collected by Abertis on behalf of the tax authorities or are paid on behalf of other taxpayers (value added tax, withholdings and the social security contributions for the employee's share).

In 2024, for every €100 of Abertis', turnover, €33 was allocated to tax payments.

Likewise, the tax contribution per kilometre of motorway directly managed by Abertis amounted to €256,180 in 2024.

A document detailing the contributions to the Public Administrations can be found by clicking on Integrated Annual Report for 2024 as well as information related to the Country by Country report (CbCr).

The Group's Annual Consolidated Statements for 2024 show input and output taxes on an accrual basis, which does not necessarily coincide with the payment or refunding of the tax. Moreover, as Abertis is a multinational group, the Group’s Annual Consolidated Financial Statements include the necessary adjustments and eliminations to avoid duplicitation of transactions between Group companies.

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