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Mexico Provides Tax Credit to Support Hydrocarbon Producers in 2021

|Approved Changes|Mexico
Mexico

Mexico has published the Decree of 18 February 2021 in the Official Gazette on the granting of tax benefits to specified taxpayers (hydrocarbon producers). The Decree provides for a tax credit equivalent to 14% on the difference between the value of the hydrocarbons extracted during the year (including consumption by the assignee, as well as the losses due to spills or burning) and the amount …

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