412019 ANNUAL AND CORPORATE RESPONSIBILITY REPORT
Country 2019 2018 2017
Algeria 1 130,071 103,653 114,728
Belgium 333 300 399
Brazil 4,221 6,596 5,274
Colombia 738 6,289 7,528
Italy 669 1,294 778
Kenya 0 0 504
Luxembourg 74 835 557
Malaysia 5,293 5,475 9,154
Mauritius 20 0 0
Netherlands 739 462 637
Peru 13,405 14,117 12,088
Portugal 4,966 2,438 8,082
Singapore 86 88 2,967
Spain2 (29,203) 27,689 91,642
Thailand 1 40,778 17,367 18,184
United Kingdom 993 1,370 1,412
U.A.E. 1 150,984 0 0
U.S.A. (11) 12 388
Total 324,158 187,985 274,322
TAXES PAID ON PROFITS BY COUNTRY (THOUSAND EUROS)
Cepsa adheres to the Good Tax Practi- ces Code in Spain, which was signed on 20 July 2010, by the plenary session of
the Large Businesses Forum constituted on the 10 July 2009 by the State Tax Administration Agency.
1 The rates applicable to the results obtained in the production of hydrocarbons which are higher than the general rates. 2 As in previous years, the figure for the payment of corporate income tax in Spain in 2019 includes only the payment of corporate income tax in Spain corresponding to the result obtained in 2019 under the General Accounting Plan for an amount of 81M euros as well as the refund of corporate income tax paid in excess in previous years, for an amount of 110M euros, hence the figure shows a negative balance. Other taxes paid that represent an effective expense for the company by reducing its result (such as tax on the production of hydrocarbons, royalties and local taxes, employment taxes and social contributions) are not included. Nor are those taxes that do not reduce the result but are retained or passed on to the final taxpayer (value added tax, tax on hydrocarbons, withholdings, etc.).