Mexico - New Oil and Gas Tax Regime
Article from: OGEL 4 (2015), in Taxation
Background
In December 2013, the Mexican Constitution was amended to allow private investors to carry out, among other, exploration and production of hydrocarbon activities in Mexico. This amendment represented the so expected and awaited end of the Mexican Government's monopoly to carry out such activities that lasted for almost eighty years. In addition, the reform loosened control of other aspects of the energy industry including midstream, downstream and all the electricity industry, allowing private investment in almost all areas in a quite free environment. Despite the amendments to ...