For the material topic Economic Impact, none of the described actions exceeded our key action monetary threshold of EUR 5 mn, and therefore these data requirements have not been addressed.
Tax Reporting
An important aspect of the Taxes Directive is that OMV should perform quarterly tax reporting. The reporting measures are implemented to prevent and mitigate the negative impact identified related to the potential reduced payment of local taxes and royalties. Since 2016, OMV has been providing mandatory disclosures under the Payment to Governments Directive (in accordance with Section 267c of the Austrian Commercial Code) and publishes any payments made to governments in connection with exploration and extraction activities, such as production entitlements, taxes, or royalties, in its consolidated financial statements (for more details, see the Consolidated Report on the Payments Made to Governments in the Annual Report). In addition, OMV reports payments made to public authorities, such as taxes or royalties associated with exploration and extraction activities, in countries that are members of the Extractive Industries Transparency Initiative (EITI). We also file a Country-by-Country Report (CbCR) for the OMV Group with the Austrian tax authorities. This is carried out in accordance with Action 13 of the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan. The CbCR is an annual tax return that breaks down key elements of the financial statements by tax jurisdiction. OMV will release a public Country-by-Country Report in accordance with the requirements of the relevant EU Directive for the financial year 2025.
The reporting obligation applies to OMV’s own operations globally. All tax reporting is performed annually. The publication of annual and quarterly financial reports serves to promote transparency in financial performance, strategic initiatives, and operational outcomes. This practice demonstrates our commitment to good corporate governance. By regularly sharing these reports, we ensure that stakeholders are well-informed about our financial health and strategic direction, thereby fostering trust and accountability within the organization.