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Legal Bulletin

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Contracts that incorporate construction, administration, operation and maintenance phases will apply the intangible assets model of the accounting regulatory technical frameworks.

Six exemptions would apply to such framework, including, among others, that the amortization of intangible assets would be realized in straight line given the term of the concession since the initiation of the operation and maintenance phase.

Additionally, all the income earned by the concessionaire associated to the construction phase and until its completion, shall be accumulated as a deferred income liability for tax purposes. This liability will be reversed and recognized as income tax in straight line since the initiation of the operation and maintenance phase.