Mexico has published the Decree of 21 April 2020 in the Official Gazette on tax benefits to support hydrocarbon producers under assignation in light of the significant drop in oil prices. The Decree provides for a tax credit equivalent to 28% 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 of deductions allowed under the Hydrocarbons Revenue Law for the purpose of determining the right for shared utility (profit-sharing duty). This tax credit may then be credited against...