The oil and gas industry regularly deals with indirect tax administration issues surrounding taxability, compliance, and automation. Large investments in operations, mergers, and acquisitions impact the tax department significantly. DMA’s robust services and solutions provide resources to meet tax challenges.

DMA has generated more than $230 million in tax savings for oil and gas clients.

SUCCESS STORY

TRANSACTION TAX RECOVERY

DMA partnered with a multi-billion-dollar global oil and gas company to determine if transaction tax overpayments existed in its multi-state operation. Our team provided state-specific transaction tax professionals who completed a thorough examination of sales tax paid to vendors and use tax self-assessed and remitted to taxing authorities. We identified tax recovery opportunities for the client and pursued those with the respective state tax authorities and vendors, with the client’s approval. Our professionals successfully delivered more than $20 million in transaction tax savings for the client.

SUCCESS STORY

TRANSACTION TAX RECOVERY

A Fortune 500 oil and gas exploration and production company partnered with DMA to minimize its Texas transaction tax liability. The tax department faced a reduction in staff that resulted in a lack of oversight for transaction tax payments. Our transaction tax team mobilized quickly and reviewed all purchases and tax payments for the statutory period. DMA recovered more than $2.6 million in transaction tax savings for the client.