Tax transparency

The payment of tax is crucial to the economic and social development of the markets in which we carry out our business activities. Our Tax Policy embraces the OECD Guidelines for Multinational Enterprises and prioritises the application of tax law precedents established by each country's authorities and courts.

Tax contribution by geographical region

We pay tax on the profits earned in each territory in which we operate. Spain represents 16.2% of our global sales, but its tax contribution -€1.69 billion- is the 27.4% of the global contribution, as it encompasses the main product-related activities. The effective rate of corporate tax paid in Spain was 22%.

We repudiate opaque tax structures that use SPVs in tax havens. The Group companies located in territories or countries deemed tax havens under Spanish law correspond to the sales made by our nine stores in Macao SAR and our store in Monaco.

Tax contribution along the value chain

Los impuestos generados por nuestra actividad se distribuyen a lo largo de toda nuestra cadena de valor y en todos y cada uno de los países en los que Inditex o sus proveedores tienen presencia.