Designation - Senior Manager Role -Senior Team Member – TaxationFunction/Department - Finance
Purpose of the role
- To assist in leading the Taxation function for global operations that includes optimising corporate / tax structures across the world to minimise the group tax cost, devising tax efficient mechanism for funds repatriation, transfer pricing policies and assessment, assessing and managing overall tax risks, owning of tax assessments, & other aspects of international taxation end to end and overall Indirect tax compliance globally.
- To assist in putting in processes and systems to ensure correct and timely compliance with all the direct and indirect tax laws, rules, procedures and regulations and dealing with the tax authorities in connection with the assessment proceedings in coordination with the local consultants.
Areas of Responsibility
- Tax Planning:
- Assistance in optimising the overall tax cost at the group level and/or to achieve/improve tax efficiencies.
- Assisting in devising tax efficient mechanisms for repatriation of profits including dividend distributions
- Tax Compliance: Assistance in monitoring of Internal & external compliances in direct and indirect taxes. Tax-cost management and optimization of entire spectrum of international/ domestic taxes. Compliance to local tax laws to be checked for proper withholding of taxes.
- Ensure adequate processes and controls are in place to track and monitor the correct and timely direct and indirect tax compliances.
- Manage global tax compliances of the group such as DAC6 reportings, Country by Country reportings, Master file filing, Economic Substance Rules, etc.
- International Tax Advisory:
- Advice of international business/tax structure, including intercompany transactional activity, transfer pricing, foreign tax credits and other issues.
- Working with Business heads/SPOCs to structure business arrangements in a tax efficient and compliant manner
- Assistance in structuring transfer pricing policies/framework and advise/review of transfer pricing documentation; Comply with the global transfer pricing compliances
- Advising finance teams, cross functional departments, business units and project teams on tax implications and/or on optimal tax structures when launching operations in new country and structuring of new revenue / business models-/contracts.
- Tax provisioning:
- Review of the consolidated global tax provision. tax provisions and coordination with accounting department and other company personnel.
- Manage the tax related MIS reportings for the Group including ETR analysis, monthly/quarterly/budget tax provision, monthly/quarterly/budget tax payouts, year end tax note forming part of the Consol financials, IFRIC 23 assessment, CL disclosures, Tax provisions for open tax risks/open tax audits, quarterly tax audit/tax risk reporting, etc
- Tax Audits:
- Advise on tax litigation matters across VFS Global group entities and on ways to mitigate/minimize the litigation risks
- Reviews/coordinates the flow of tax information to external auditors/tax authorities across the globe. Discussion with the auditors on the open tax risk/audit matters or any other group tax or tax structuring matters.
- Advising the finance teams across the Group on issues arising out of disputes / questions raised by the tax authorities. Advice and implementation of strategies to mitigate these issues.
- Appearing/Representation before the tax authorities, whenever required
- Assistance in tracking global tax updates on an ongoing basis and assistance in analyzing the impact for the Group
- To achieve the following key ESG KPIs:
- Diversity, Equity & inclusion
- Employee Empowerment - Overall empower engagement score
- Reduction of GHG emissions
- Tax automation initiatives - Working on Tax automation initiatives for building efficiency in processes and from a tax risk governance perspective
- Drive performance improvement initiatives for the department at both company and group level
- Maintaining relationships with External Consultants and Team.
- Judicious use of natural resources
- Shall adhere to the environment health and safety policy/objectives and guidelines of the organization
Indicative KRA’s/Budgetary And Revenue Responsibilities
- Optimisation of global tax cost at the group level and/or to improve tax efficiencies
- Ensure adequate processes and controls are in place to track and monitor the correct and timely direct and indirect tax compliances.
- Advice on global transfer pricing documentation and policies
- Advice on Tax Risks/tax litigation matters globally
- Tax advisory to internal stakeholders on business structuring/shareholding change/any other group restructuring/any other tax matters
- Advice on global transfer pricing documentation and policies
- Advice on Tax Risks/tax litigation matters globally
- SOP Adherence by self and staff
- Attrition of reporting staff
- Employee Satisfaction Survey Scores
- Code of Conduct Adherence by self and staff
Qualification & Experience
Education:
Minimum: Chartered Accountant certified by Institute Chartered Accountants India
Experience:
4-7 years of experience in International Taxation, preferably from the Big4
Knowledge & Key Skills:
Knowledge of International taxation laws and preferably, key regulatory compliances
