Direct Tax Head - India & Other International

VA Tech Wabag is seeking a seasoned professional to lead the Direct Tax function across India, the Middle East, and Africa. This role requires in-depth knowledge of regional tax regulations, compliance requirements, and transactional nuances, with a focus on income tax, TDS, and financial audits. The ideal candidate will have a strong track record of ensuring tax compliance, optimizing tax processes, and managing cross-border tax complexities in a dynamic business environment.

Key Responsibilities:

1. Tax Compliance and Strategy:

   • Develop and implement direct tax strategies in line with regulations in India, the Middle East, and Africa.
   • Ensure compliance with income tax laws, tax deducted at source (TDS) requirements, and payment due dates across all jurisdictions.
   • Optimize tax structures to enhance cost efficiency while adhering to legal requirements.

2. TDS Management:

   • Identify transactions attracting TDS, assess applicability, and ensure timely remittance as per statutory guidelines.
   • Oversee the process for filing monthly, quarterly, and annual TDS returns.
   • Monitor and ensure accuracy in the reconciliation of TDS payments, deductions, and filings.

3. Financial Audits and Tax Reporting:

   • Conduct thorough audits of financial books to ensure compliance with tax laws and regulations.
   • Manage tax-related aspects of audits, including statutory and internal audits, ensuring accurate documentation and reporting.
   • Monitor the status of tax payables, refunds, and professional fee obligations to maintain compliance and efficiency.

4. Cross-Border Taxation:

   • Handle cross-border transactions, including transfer pricing, permanent establishment issues, and treaty benefits, ensuring adherence to international tax laws and OECD guidelines.
   • Ensure compliance with BEPS and double taxation avoidance agreements across regions.

5. Process Excellence and Timeliness:

   • Establish efficient processes for timely tax payments, filings, and documentation.
   • Implement robust internal controls to track compliance deadlines and mitigate risks.
   • Develop a calendar for due dates and ensure strict adherence to avoid penalties.

6. Stakeholder and Team Collaboration:

   • Work closely with finance, legal, and operational teams to integrate tax considerations into business decisions.
   • Lead and mentor a team of tax professionals, fostering skill development and compliance focus.
   • Act as a liaison with tax authorities, external consultants, and auditors for audits, assessments, and clarifications.

7. Tax Refunds and Liabilities:

   • Monitor the status of payable and refund dues, ensuring timely follow-ups for refunds.
   • Manage professional fee payments related to tax filings and consulting engagements.

Qualifications:

• Education:

  Chartered Accountant (CA) or equivalent qualification. Additional certifications in international taxation will be an advantage.

• Experience:

  At least 18 years of experience in direct taxation, including income tax, TDS, audits, and compliance, with significant exposure to India, the Middle East, and Africa.

• Skills:

  • Expertise in direct tax laws, TDS regulations, and international tax compliance.
  • Strong understanding of financial audits and reporting requirements.
  • Ability to manage complex tax environments across multiple jurisdictions.

Key Competencies:

• Detail-oriented with strong analytical and problem-solving skills.
• Excellent organizational skills to manage deadlines and maintain process efficiency.
• Effective communicator with the ability to collaborate across departments and regions.
• High level of integrity and commitment to ethical practices.