Oil & Gas

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Oil and gas tax services

We are renowned for our insightful advice and the depth of our industry experience across the globe. We have extensive experience serving companies through the entire industry value chain, whether oil and gas companies, oil fields service companies, or companies involved in midstream and downstream business. We bring our deep knowledge and expertise to serve your business with the whole range of tax matters affecting oil and gas industry, whether direct, indirect, individual or cross-border taxation.

Tax advisory

Our upstream tax professionals can assist in implementing the constantly changing and evolving fiscal environment for upstream business which is so different from general corporate taxation for other non-extractive business.

Our tax advisory professionals can assist companies with alignment of their tax function with their business operations and strategy, transaction planning and support, and enterprise risk management activities. Our tax advisory services help companies in the oil and gas industry address issues such as understanding the tax considerations involved with expanding operations into new countries, managing international assignments for key employees, or structuring cross-border supply chain.

Our corporate and international tax professionals help clients implement the constantly evolving tax legislation and international tax initiatives, support and structure transactions and cross-border operations, maintain tax efficiency throughout the value chain, manage tax risks and improve sustainable growth.

Tax compliance

For tax compliance, our professionals can assist companies in the oil and gas industry with corporate income tax, royalty, production taxes, property taxes, statutory reporting, tax accounting calculations, expatriate tax return processing and indirect tax reporting.

Compliance and reporting make huge demands on tax and finance functions. We understand that what you need is access, visibility and control. Our market-leading approach combines extensive local compliance and accounting experience, with a standard global compliance process and web-based tools. You can access the resources of our dedicated compliance and reporting professionals in one country or globally with a single point of contact.

Transfer Pricing

The global nature of the oil and gas business means there is a constant flow of products, intangibles, services and financial instruments moving across borders and business units. With the increased regulatory scrutiny, companies are now required to deliver detailed TP analysis and documentation for each of these items, which can be both time-consuming and complex.

Our professionals are helping companies traverse the web of country tax laws, regulations, rulings, methods and requirements to develop a complete TP system, allowing companies to reduce risk and cost and be more efficient in the market. More information on our TP capabilities can be found here.

Law services

The oil and gas industry is going through a period of fundamental change worldwide. 

Increasingly uncertain energy policies, geopolitical complexities, oil-prices volatility and declining reserves, among others, present significant challenges to market players.

At EY we have assembled a network of O&G law practitioners with a deep industry focus and understanding, to offer advice that is tailored to our clients’ business needs. We have the right knowledge to assist companies in every segment of the industry value chain. 

Our law professionals have extensive experience in energy regulatory and business matters. We also work alongside with professionals of other service lines from the EY global O&G network to serve our clients across borders with a multidisciplinary approach in the industry’s complex cross-border issues.

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EY - Law: a passion for excellence

Law: a passion for excellence

Our lawyers understand the increasingly complex tax, regulatory and commercial laws of this global economy. Learn more.