RULES APPLICABLE TO THE EXECUTIVE ORDER ON THE 2017 REPATRIATION OF FUNDS

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RULES APPLICABLE TO THE EXECUTIVE ORDER ON THE 2017 REPATRIATION OF FUNDS   On May 15, 2017 general rules were published by the Tax Administration Service (“SAT”) applicable to the “Executive Order granting various income tax breaks for deposits or investments to be received in Mexico”, in effect since January 19, 2017.   Read more […]

CALL MADE BY THE NATIONAL CENTER OF ENERGY CONTROL (“CENACE”) LONG TERM AUCTION SLP-1/2017

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CALL MADE BY THE NATIONAL CENTER OF ENERGY CONTROL (“CENACE”) LONG TERM AUCTION SLP-1/2017   On April 28, 2017, CENACE published the call for the first Long Term auction 2017, which purpose is to assign Electric Coverage Contracts for the purchase of power, electric energy, and clean energy certificates. According to what is provided in […]

PEMEX FARM OUTS CALL CNH- A4-ORGARRIOC3/2017 and CALL CNH-A3-CARDENAS MORA-C2/2017

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PEMEX FARM OUTS CALL CNH- A4-ORGARRIOC3/2017 and CALL CNH-A3-CARDENAS MORA-C2/2017   On May 02, 2017, the National Hydrocarbons Commission (“CNH”) published in the Federal Official Gazette, the calls for bidding procedures CNH-A4-ORGARRIOC3 / 2017 and CNH-A3 -CÁRDENAS MORA-C2 / 2017, which purpose is the selection of partners so the State Owned Productive Company, PEMEX Exploration […]

PEMEX Farm Out Tender Procedure CNH-A2-AYIN-BATSIL/2017

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On March 07, 2017, the National Hydrocarbons Commission (“CNH”) released the call related to the second PEMEX farm out, CNH-A2-AYIN-BATSIL/2017, for the wells known as “Ayin-Batsil” which are located in shallow waters of the Mexican Gulf. Below are the main aspects to be considered in this farm out procedure: Bidding guidelines / Required Experience: Three […]

Third Wholesale Electric Market Auction

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Third Wholesale Electric Market Auction The National Center of Energy Control (“CENACE” for its acronym in Spanish) has recently announced its intention to release, on April 28, 2017, the bidding guidelines for the third wholesale electric market auction. Pursuant to the latest information released, CENACE is currently reviewing the final changes and additions to the […]

Executive Order for the Repatriation of Funds in 2017

Publicada en Deja un comentarioPublicada en English, Tax, Wealth Planning

On January 18, 2017, there was published in the Federal Official Gazette an “Executive Order providing for income tax incentives for the repatriation of deposits or investments maintained abroad” (the “Order”), so as regularize the taxpayer’s tax liability by the payment of the income tax at a reduced rate and with no additional government charges. […]

Liberaton of Fuel Markets

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The Energy Regulatory Commission (“CRE”) has recently announced the timeline applicable for the liberation of fuel markets. Pursuant to CRE ruling, during the following year, the gasoline and diesel markets will move from a single supplier model to an open and competitive scheme, where multiple players will supply fuels throughout the territory. By the new […]

Fourth Tender, Round 1. Exploration and Extraction Contracts in Deep Waters PEMEX Farm Out

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On December 5, 2016, the National Hydrocarbons Commission (“CNH”) announced the results related to CNH-A1-Trion/2016 and CNH-R01-L04/2015 tenders. CNH-A1-Trion/2016 Tender. PEMEX Farm Out. Since the two economic offers submitted to CNH proposed an additional royalty of 4.00%, the tie-break rule provided in the bidding guidelines was applied to determine the winning bidder. BHP Billiton Petróleo […]

Pemex Logistics Open Season

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On December 20, 2016, Pemex Logistics published the call and specifications to participate in the Open Season Procedure for the fuel Storage Systems and Pipeline Transportation. Pursuant to said call, the following storage capacity was announced: System Open Season   Barrels Percentage Rosarito   Subtotal: 161,600 15% Rosarito 132,281 15% Ensenada 22.532 23% Mexicali 6,788 […]