Credit: REUTERS/Carlos JassoMEXICO CITY, May 23 (Reuters) - Mexico's government aims to give tax relief for state oil firm Pemex of 138.7 billion pesos ($7.28 billion) in 2020-2021, according to a Pemex document seen by Reuters on Thursday.
The company, which is lumbering under a heavy debt burden, said the reductions would be achieved by lowering a profit sharing tax to 54% by 2021 from a current 65%. The tax is the company's principle financial contribution to the federal government.
($1 = 19.0415 Mexican pesos)
(Reporting by Ana Isabel Martinez; Editing by Frank Jack Daniel)
((delphine.schrank@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
