Tax contribution
The Iberdrola Group's total worldwide tax contribution amounted to €10.3 billion in 2024
The Iberdrola Group's direct tax contribution worldwide amounted to nearly 10.3 billion euros last year, 8% more than in 2023, which represents the payment of more than one million euros per hour. This is reflected in the Fiscal Transparency Report 2024, prepared by the company for the seventh consecutive year.

This overall figure includes both own taxes and taxes collected by the Group. The report also shows that 48 % of the company's profit was allocated to the payment of taxes, compared to 44% the previous year. Thus, in the last five years, the contribution to the public coffers of the more than 25 countries in which the company operates amounts to neraly 43,000 million euros paid out.
Spain was the country that contributed the most in 2024, with €4.313 billion of contribution, 14% more than in 2023. It was followed by Brazil (2.428 billion), the United States (1.292 billion), the United Kingdom (1.260 billion), Mexico (442 million) and the other countries (565 million).
COUNTRY | TOTAL OWN TAXES | TOTAL TAXES RAISED | TOTAL NET CONTRIBUTION |
---|---|---|---|
Spain | 2,532 | 1,781 | 4,313 |
United Kingdom | 984 | 276 | 1,260 |
United States | 891 | 401 | 1,292 |
Brazil | 219 | 2,209 | 2,428 |
Mexico | 452 | -10 | 442 |
Other | 201 | 364 | 565 |
TOTAL | 5,279 | 5,021 | 10,300 |
Data provided in million €.
Committed to fiscal responsibility
Through the preparation of the Transparency Report 2024: our commitment to society [PDF] (Spanish version), Iberdrola wishes to highlight the Group's significant tax contribution throughout the world - "essential for sustaining public expenditure", in the words of the company's chairman, Ignacio Galán-, especially in Spain, where the electricity tax (1.145 billion euros) and corporate income tax (890 million) are very important.

"Iberdrola's tax strategy is fully aligned with its main objective of improving the energy system towards a more autonomous one, gaining in competitiveness and caring for the planet, thereby generating progress and employment for society."
Ignacio Galán, Executive Chairman of the Iberdrola Group
A key component of the Iberdrola Group's social dividend is our contribution to the public coffers, in accordance with the law and in line with the expectations of the various countries in which we operate and society in general. The contribution of large companies to the sustainability of tax systems is essential to ensure the best possible provision of essential goods and services, and at Iberdrola we are fully aware of the importance of fulfilling this responsibility.
With the publication of the Fiscal Transparency Report, we have made substantial progress in our transparency practices, making public all fiscal information that may be relevant for our stakeholders: shareholders, suppliers and people to whom we supply energy, public administrations and regulatory bodies, our staff, the media and society in general.
We certify our tax compliance system
At the forefront of tax compliance:
Entity | Accreditation | Situation |
---|---|---|
![]() |
"Fair Tax Max" | Iberdrola has obtained in 2024 the ‘Fair Tax Mark’ certificate, an international accreditation for companies that pay taxes responsibly around the world, and is the first Spanish company to achieve it. |
![]() |
Fiscal Responsibility of the Haz Foundation | Obtaining the Fiscal Responsibility seal, which accredits transparency and best practices in tax matters, being one of the top companies in terms of fiscal transparency in the IBEX-35, according to the Haz Foundation ranking. It has also achieved this accreditation with the highest score. |
![]() |
Aenor’s Tax Compliance System | Keep the certification of the Tax Compliance System in accordance with the requirements established in the UNE 19602 Standard. Obtained, for the sixth consecutive year, a satisfactory audit by AENOR, being the first Spanish company to be certified. |
Spanish Tax Administration | Good Tax Practices | Recognition by the Spanish Tax Administration, one more year, for the voluntary presentation of the "Annual Tax Transparency Report for companies adhering to the Code of Good Tax Practices". Received letter of congratulations and express mention on the website of the Spanish Tax Administration. |
Pro Bono Jurídico Programme | Financial Times Innovative Lawyers | Recognition of Iberdrola's Pro Bono Jurídico Programme with the Financial Times Innovative Lawyers award in the Sustainable category. The Group's initiative stands out, among other things, for its collaboration with third sector entities by providing free legal and tax advice. The award recognises the most disruptive projects of in-house law firms and legal advisors. |
Responsible business, commitment to society and transparency inspire our daily work in tax matters and are also the reference framework for the preparation of this report.