As you know, mining companies in Mexico incur in the so-called stripping expenses (“gastos de desmonte y descapote”, as known in Spanish). Mining companies give a different treatment to such expenses, from an accounting and tax perspective. From a tax perspective, mining companies treat stripping expenses as “expenses”, deducting them entirely in the tax year in which the expense is incurred. On the other hand, from an accounting and financial perspective, mining companies treat stripping expenses as “investments”, amortizing such expense in a number of tax years.
Amparo proceeding against environmental taxes in Zacatecas; Challenge by local congress
Next PostNotices to inform about the transfer of shares and quotas in the “S.A.” and the “S. de R.L.”
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