Taxation Manager

JOB OBJECTIVE:

Fulfil all tax related duties and responsibilities including day to day reporting, monthly and annual compliance. Also has an extended branch to the reporting side where the responsibility will include dealing with Auditors in fulfilling audit responsibilities for our subsidiaries.

KEY ACCOUNTABILITIES:

Tax direct regulation and governance

• Lead the impact assessment of UAE CT introduction on business, processes, functional areas and operations, undertake gap analysis, assess CT readiness and prepared implementation roadmap

• Design CT model for all impacted components (business operation, systems, processes, and resources to meet CT compliance, filing and reporting requirements) and develop project and change management strategy/blueprint

• Manage CT compliance process, including registrations, returns, refunds and correspondence with the FTA.

• Lead the development of policies and procedures, and support their implementation and maintenance so that tax activities meet standards, compliance and regulatory requirements, align to business requirements, and increase operational efficiency

• Review all reports prepared

• Provide updates on relevant global/ regional tax developments and highlight their impact on the group

• Ensure Timely and accurate tax compliances

• Oversee assistance to group companies on tax related matters

• Timely follow up on tax regulations update and ensure implementation as per published law guidelines

• Maintain proper archiving for all tax submissions working files

• Lead the assessment and research difficult tax issues to identify solutions

• Manage and maintain the company’s tax database.

• Determine tax savings and recommend strategies to improve profits.

• Evaluate tax regulations and suggest policies that diminish tax burden.

• Research tax matters and tax questions arising from ad hoc queries

• Work with external auditors with respect to tax statutory reporting

• Review tax computation and returns

• Manage transfer pricing matters

• Manage audits by tax authorities

• Oversee controls and policies and procedures on tax

• Manage various tax planning projects

• Responsible for providing support to Regional and International subsidiaries

• Maintain tax checklist

• Maintain tracker of all allowed and disallowed expenditures

• Provide support on all prospective merger and acquisition transactions both local and international

• Provide professional assessment of tax implications of company’s activity in Egypt, India and other upcoming Tax regimes

• Assist in evaluating, monitoring, and mitigating tax compliance risks, including advising of where changes/ possible changes in tax laws will affect the group

Tax indirect regulation and governance

• Review of documentation which includes contracts, invoices etc. to determine the correct VAT treatments

• Provide updates on relevant VAT developments and highlight their impact on the group

• Liaise with the tax authorities for litigations and other VAT compliance/ representation

• Interact with business and finance teams to understand the tax needs and provide any VAT support

• Timely and accurate tax compliances

• Oversee the assistance in tax matters to OpCo teams – Perform Health Checks

• Ensure that the company is audit ready

• Support other tax regions (as required)

• Timely follow up on VAT regulations update and ensure implementation as per published law guidelines

• Maintain proper archiving for all VAT submissions working files

• Manage VAT compliance process, including registrations, returns, refunds and correspondence with the FTA.

• Pre-month closing review of tax codes for AR and AP

• Manage correspondence with the FTA in relation to audit and refund-related queries, including preparation of defense files and clarification / reconsideration requests as needed

• Assess and research difficult VAT issues to identify solutions.

• Keep track of industry trends and changes related to VAT.

• Review accurate monthly, quarterly, and annual VAT reports

Other functions (Reporting and Regulations):

▪ Ensure all accounts and disclosures are prepared as per the applicable IFRS for our subsidiaries.

Liaising with external and internal auditors for annual audits of our subsidiaries

Month closing and consolidation

• Making sure books of accounts are closed

• Ensure all the entries are booked accurately and on timely basis for month, Quarter and Year end closing. Schedules prepare and analyze

• All accruals are booked in the systems

• All revenue is booked in the system

• All utility and other G&A costs are booked in the system

• Preparation of month, quarterly and annual consolidation of financial statement

Statutory reporting

• Preparation of financial statements along with notes for quarters and annuals

• Submission of XBRL reporting for quarter and year ends

• Making sure all accounts and disclosures are prepared as per the applicable IFRS

• Submission of monthly, quarterly, and annual trial balance, financial statements, notes to the financial statements and other requested information to Holdco

Audits and governance

• Liaising with external and internal auditors for quarterly and annual audits

• Agreeing the Audit timelines & Schedules on a quarterly basis to ensure timely audits in line with statutory requirements

• Provide documents & handling all Queries/ Exceptional Matters during audit process to ensure auditors approval.

• Ensuring Compliance on the agreed recommendations of the Auditors raised in their Management Letters to the Company.

• Ensuring compliance and adoption of best practices on the agreed recommendations of the Internal Audit Reports.

• Preparation of specific audit committee presentations slides

JOB REQUIREMENTS:

Minimum Qualifications:

▪ Bachelor’s Degree in Accounting or Commerce.

▪ Post graduate professional qualifications such as Chartered Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA) or equivalent is a must.

Minimum Experience:

▪8 - 10 years of post-qualification experience in a similar role primarily in the Finance function in a large or complex organization.

▪ Knowledge of financial regulations.

▪ Month end closing and consolidation.

▪ Statutory reporting and parent reporting.

▪ Audits and governance.

▪ Group accounting and reporting.

▪ Tax