General information
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Definition
The Value Tax on the extraction of Gas, Oil and Condensates is a direct tax of a real nature that is levied on the value of public domain products (gas, oil and condensates) extracted in Spanish territory, once the first purification and separation treatment has been carried out.
The tax is regulated by Act 8/2015, of 21 May, which modifies Act 34/1998 , of 7 October, of the Hydrocarbons Sector , and regulating certain tax and non-tax measures in relation to the exploration, research and exploitation of hydrocarbons.