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Mexico: Government announces fiscal incentives for hydrocarbon production

Description

On 19 February 2021, the Mexican government published a Decree that establishes fiscal incentives to the extraction and production of hydrocarbons, with a budget of up to MXN 73.3 billion (approx. USD...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Feb 2021

Revocation date

31 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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