Tax is vital for the economic and social development. We have an unwavering commitment to comply with tax legislation in every country where we do business.

We respect our role in contributing to economic, social and industrial development of the markets in which we operate by complying with local tax legislation and the OECD Guidelines for Multinational Companies. We reject the use of opaque companies and tax havens. Our transparency is shown in a triple tax report, in which we explain the taxes generated in each geographical area, throughout the value chain and for the different types of taxes.

At Inditex we are fully committed to contributing to the economic and social development of the different countries in which we are present.

Our tax commitment is evidenced by our compliance with all tax obligations generated from our corporate activity. This is in compliance with applicable local and international regulations, through good tax practices, and in line with the sustainability and corporate social responsibility principles established by the Group.

We have made a total tax contribution of €5.96 billion in the last fiscal year

To reach this goal, we maintain relationships with the local tax authorities, based on principles of good faith, collaboration and mutual trust. We try to avoid tax disputes by applying preferential interpretation criteria on the tax regulations set by the authorities or courts of law.

Furthermore, we are part of part of Foro de Grandes Empresas (“Large Companies Forum”) in Spain, whose primary objective is to promote greater collaboration among large companies and the state tax administration. We comply with the Code of Good Tax Practices promoted in the Forum, and have followed its recommendations, proposals and subsequent developments.

Our contribution by the different types of taxes

During 2017, our activities in the 96 markets in which we operate generated total taxes of 5,959 million Euros in direct and collected taxes.

Direct taxes Collected taxes
Profit taxes 985,191,298 121,399,992
Properties taxes 114,445,106 13,992,397
People taxes 742,796,747 664,097,577
Product taxes and services 862,087,798 2.447,011,659
Planet taxes 7,445,378 298,675
Total 2,711,976,327 3,246,800,300
Total tax contribution 5,958,776,628


For the purpose of homogenising this information, we have used PwC's Total Tax Contribution method, which divide Group taxes into five major categories, including taxes on profits, properties, people taxes, on products and services and planet taxes.

  • Profit taxes: taxes incurred for the profits obtained by the company, such as corporate income tax, tax on economic activities and certain taxes collected as withholdings on payments to third parties.
  • Property taxes: taxes on ownership, sales, transfer or the occupancy of property.
  • People taxes: taxes associated with employment both incurred and collected, including income tax withholdings of employees or social security payments by both the employee and the company.
  • Product taxes and services: indirect Product taxes on the production and consumption of goods and services, including VAT, custom duties, etc.
  • Planet taxes: taxes on the supply, use or consumption of products and services considered to impact the environment.
Our contribution by geographical area

At Inditex we pay taxes on the profits generated in the territories where each activity is carried out. In Spain, accounting for 16.3% of our global sales and including main activities associated with the products, we generate 1,010 million euros of direct tax contribution, 37% of the global total. Regarding the corporate income tax, the global effective tax rate was 22.5%.

Geographical area Direct taxes (million €) Collected taxes (million €) Total tax contribution (million €)
Spain 1,010  603  1,613 
Europe (without Spain) 878  2,165 3,043
America 479 274 753
Asia and rest of the world 345 205 550


We have defined a Tax Policy, setting out responsible tax behaviours, with principles in line with those set out in the OECD guidelines for multinational companies (2011).

Furthermore, we expressly reject opaque company structures which have special purpose vehicles in tax heavens. In 2017, Group Companies located in countries or territories considered as tax heavens by Spanish law related to sales made in the nine stores located in Macao SAR* and the one in Monaco.

Our contribution in the value chain

Inditex’s different activities generate direct and collected taxes paid to tax authorities. These highly integrated activities can be divided into those related with stores and online (architecture, exterior and interior design, commercial and sales) or those prior to the product reaching the store (design, procurement, manufacture, quality control and logistics).