Disclosed herein are a method, an apparatus and a storage medium for performing encoding/decoding on an image using a subpicture. A picture may be partitioned into various units such as subpictures and slices, and various syntax elements and structures may be used to specify the units. In an embodiment, there is a method for configuring a reference picture list for motion compensation in the case where the location of a reference subpicture to be referred to for motion compensation is different from the location of a target subpicture. Further, in an embodiment, there is provided a method for providing the configuration of a reference picture list and an override on the number of activated reference indexes.