About the Role
The position entails the comprehensive management of Overseas Tax, which includes the planning, development, execution, and monitoring of related activities. The objective is to optimize resources efficiently while delivering according to company quality standards. A key function of this role involves managing risks and opportunities to enhance the department's function.
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Key Accountability Areas
Tax Law Knowledge:
- Knowledge of domestic and international tax laws, including corporate tax, VAT, withholding tax, and other related regulations.
- Ability to interpret and apply tax laws to various business scenarios.
- Ensures compliance across different jurisdictions.
Tax Compliance and Reporting:
- Expertise in preparing and reviewing tax returns, managing tax filings, and ensuring timely tax payments and reporting.
- Oversee accurate preparation and filing of tax returns for subsidiaries.
- Monitors deadlines and compliance requirements in various jurisdictions.
Tax Planning and Optimization:
- Ability to develop tax-efficient strategies and optimize the group’s tax position, including transfer pricing, tax credits, and incentives.
- Identifies opportunities to optimize tax positions across subsidiaries.
- Works closely with finance teams to implement strategies.
Transfer Pricing Management:
- Understanding transfer pricing regulations and ensuring compliance with local and international standards.
- Implements and oversees transfer pricing documentation and compliance.
- Works with external advisors to manage intercompany pricing strategies.
Risk Management and Audit Support:
- Managing tax risk and supporting internal and external audits, including responding to inquiries from tax authorities.
- Identifies potential tax risks and implements mitigation strategies.
- Supports audit processes and ensures readiness for tax inspections.
Cross-border Taxation and International Tax:
- Understanding of cross-border tax issues, double taxation treaties, and compliance in multi-jurisdictional environments.
- Manages tax compliance in different countries where subsidiaries operate.
- Understands treaty benefits and withholding tax obligations.
Stakeholder Communication and Collaboration:
- Excellent communication skills to interact with internal stakeholders (e.g., finance, legal) and external advisors (e.g., tax consultants, auditors).
- Communicates complex tax matters effectively to non-tax professionals.
- Collaborates with finance and legal teams to align on tax strategies.
Analytical Skills:
- Strong analytical abilities to review tax data, identify discrepancies, and ensure accurate reporting and compliance.
- Identifies and addresses potential errors or issues in tax filings.
- Provides thorough analysis of tax-related data and implications.
Technology and Tax Automation:
- Familiarity with tax compliance software, automation tools, and ERP systems for efficient tax reporting and filing.
- Leverages tax technology for reporting and compliance.
- Stays updated on emerging tax technology trends.
Role Accountability
HR Proficiency:
- Ability to recruit, recognize, and cultivate high performers while effectively managing low performers.
- Ensures equitable treatment of subordinates, with assessment criteria based on performance leading to planned results.
- Ensures availability of delegation of authority matrix as per company policy.
Responsibility:
- Full responsibility for operations as outlined in the job description and the deliverables needed for this position, considering general company guidelines.
- Ability to anticipate problems and take proactive steps to prevent them.
- Capacity to make timely and appropriate decisions.
Delivery:
- Deliver required results promptly, with the necessary quality and cost efficiency.
- Must make a tangible difference in the area of operation and exceed business expectations.
Business Planning and Performance:
- Transform corporate goals into actionable business plans.
- Plan, follow up, and execute both annual and development plans while monitoring performance and making necessary adjustments.
- Provide periodic work progress reports and manage budgets to achieve optimal cost efficiency.
Organizational Development:
- Develop organizational structure in line with current requirements while considering future development plans.
- Ensure availability of job descriptions for all roles.
Business Process Improvements:
- Develop and coordinate well-defined systems, policies, and procedures, exploring automation opportunities.
- Promote the use of automated systems fully to enhance operational culture.
Quality:
- Ensure that quality is a competitive advantage and aligns with managerial actions.
Adaptation:
- Adapt to new techniques, technologies, management structures, and business models as necessary.
Health, Safety, and Environment:
- Ensure a safe, secure, and legal work environment in accordance with standard regulations.
Academic Qualification
- Bachelor Degree in Accounting and Finance or any relevant field.
Work Experience
Technical / Functional Competencies
- Accounting Best Practices
- Accounting Methods
- Accounting Principles
- Accounting Rules/Guidelines
- Accounting Systems
- Excise Taxes
- Financial Analysis
- Financial Planning
- Financial Reporting
- Sales and License Taxes
- Tax Accounting
- Tax Analysis
- Tax Authorities
- Tax Compliance
- Tax Law
- Tax Return Preparation
