It proposes to amend articles 48 and 58 and repealed Articles 41 and 42 second paragraph of fraction I, subsection a) to e) of the Revenue Law on Hydrocarbons. VII and VIII fractions of second transitory article of Decree Law on Hydrocarbons Revenue is issued, amending, supplementing and repealing various provisions of the Federal Law and the Law of Fiscal Coordination and repealing issuing the Law of the Mexican Petroleum Fund for Stabilization and Development published in the Official Journal of the Federation on August 11, 2014.
Articles 58 and 60 are amended and Chapter VI and Articles 1 Fraction VI, 97, 98, 99, 100 and 101 are repealed; and Article Fourteenth Transitional Law of PEMEX. And Thirteenth Transitory Article of the Law of the Federal Electricity Commission repealing
The reforms aim to change the tax treatment of PEMEX, in particular the amendments to the Income Law on Hydrocarbons, proposes that eliminated the asymmetries between assignments and contracts and the taxation of allowances is similar to that applied to contracts; the value of oil in each allocation is established, as is done in the Contract; It states that the mechanisms defined pricing hydrocarbons such allocations should be equivalent to the prices set for the private market under similar conditions of quality or type of hydrocarbon. The Energy Secretariat, with support from the National Hydrocarbons Commission, establish the mechanisms for determining the measuring point for each assignment. And at that point he will conduct the measurement of hydrocarbons extracted in accordance with the provisions to that effect issued by the National Hydrocarbons Commission and pricing of each type of hydrocarbon.
Moreover, it is proposed that the additional dividend to the taxation of PEMEX which was established in the energy reform to be applied from 2016 is removed, and the same measure provides for other productive state enterprise, the Federal Commission Electricity.