Regulatory Alerts2019-08-16 | DOF 5568225Added
General Provisions Referenced in Article Six of the Decree Granting Tax Benefits to Specified Taxpayers, Published May 24, 2019
The Mexican Secretariat of Finance and Public Credit establishes the requirements for Assignees to qualify for fiscal stimuli regarding hydrocarbon extraction costs and expenses. Assignees must demonstrate that hydrocarbon extraction in their Assignment Area is profitable by calculating Net Present Value against the 33rd percentile of a distribution function. The administrative unit has 60 business days to validate these requests, which must be submitted by the last business day of March, with specific documentation regarding costs, reserves, and production profiles required.
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