The National Court has provisionally suspended the collection of 120.3 million euros that Repsol was to pay to the Treasury for the 2024 energy tax. The company has a total of 272.7 million safeguarded.
According to Marca, the National Court has halted the execution of a claim for 120.3 million euros that Repsol was to pay to the Treasury for the 2024 energy tax. This measure adds another 152.4 million frozen by an order dated June 24, 2026, regarding the 2023 fiscal year, meaning the company has a total of 272.7 million euros safeguarded as a precaution.
The Central Economic-Administrative Court (TEAC) had rejected Repsol's appeal on July 9. Subsequently, on September 28, 2026, the Administrative Litigation Chamber of the National Court issued the new suspension order. The State Attorney's Office did not oppose the precautionary measure.
The suspension does not annul the debt nor resolve the underlying dispute. It merely halts the collection while the trial is processed, to protect the company's liquidity. The Tax Agency (AEAT) must verify that the bank guarantee covers the claimed amount, along with its surcharges and interest for two years.
The tax originates from Law 38/2022, approved after the Ukraine war. It required large energy companies that earned more than 1 billion euros in 2019 to pay 1.2% of their revenue in Spain during 2023 and 2024.
Repsol's CEO, Josu Jon Imaz, had already warned about the consequences of the tax at a press conference held in March 2026:
“So far, no real objective has been seen for such a measure at the European level.”
Imaz added that if companies suffer confiscations, “you will not invest more to ensure supply,” and warned that the debate raises the risk of supply security in Europe in the coming months.
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