Notice Reporting System Delayed Until June 1, 2015
The effective start date for companies to begin filing their monthly gross production tax reports using the new tax reporting system has been changed from April 1, 2015 to June 1, 2015. Testing of the reporting system has yielded results that warrant further development by both industry and the Tax Commission. This affects any production report filed on or after June 1, 2015, which includes April 2015 production and any prior period adjustments.
Given the complexity of this project, the best approach is to extend the testing period. The OTC will continue to test the system internally while temporarily discontinuing industry testing. Updates for industry to resume external testing and additional information regarding the reporting system will be posted to this page. The ultimate goal is for the end product to be something OTC as well as industry will be proud of.