Carry forward oil and gas
2 May 2019 Should the cost oil amount not be enough to recover allowable expenses, the balance can be carried forward within the same concession. 30 Jun 2018 13-01 provides that oil and gas pipeline transport activities are in a tax period may be carried forward to the five periods following the period. petroleum assets. Direct taxes consist of: • ordinary petroleum tax. 27%. • special tax. 51%. Losses, as a rule, may be carried forward indefinitely. The tax value of