Tax Specialist

Date: 1 Sep 2024

Location: IQ

Company: Power International Holding

Job Summary

    The Tax Specialist provides expertise and guidance on tax-related matters within an organization, ensuring compliance with tax laws and regulations while optimizing tax efficiency. They are responsible for analyzing tax implications of business decisions, transactions, and operations, providing recommendations to minimize tax liabilities and risks. Additionally, Tax Specialists play a key role in preparing and filing tax returns, including income tax, sales tax, and payroll tax returns, accurately and timely. They also assist in responding to tax inquiries, audits, and notices from tax authorities, providing necessary information and documentation to resolve issues.

Job Responsibilities 1

    Develop and maintain all up to date Tax account reconciliations within the Group of companies.

    Ensuring that tax returns are filed in timely manner in accordance with tax authorities.

    Researching and Review Tax laws and relevant regulations to maintain up to date knowledge and provide expert knowledge.

    Respond to related tax correspondence and research issues as they arise.

    Coordinate with auditors in tax portion of annual-end audit.

    Participate in process development and coordinate with business units along with tax systems and process improvement.

    Supervise and tax Consultation on special projects as allocated by Line manager from time to time.

    Advise global companies on the tax implications of their acquisitions, restructurings, initial public offerings, refinancing or disposals.

    Ensure to file appropriate international tax returns to suitable tax authority/tax regime.

    Prepare select Federal compliance relating to international subsidiaries, including but not limited to foreign tax credit calculations.

    Independently seek out new opportunities to improve the overall quality of filings.

Job Responsibilities 2

Additional Responsibilities 3

Job Knowledge & Skills

Comprehensive knowledge of tax laws, regulations, and accounting principles relevant to the organization's operations and jurisdictions.

Strong analytical skills are essential for interpreting complex tax regulations, conducting tax research, and analyzing financial data to identify tax planning opportunities and risks.

Proficiency in tax software and financial management systems is necessary for preparing and filing tax returns accurately and efficiently, as well as for managing tax-related data and documentation.

Excellent communication and interpersonal skills are vital for effectively liaising with internal stakeholders, external tax advisors, and tax authorities, as well as for conveying tax-related information to non-financial stakeholders.

Experience in tax planning, compliance, and audit defense enables the Tax Manager to develop and implement tax strategies that minimize tax liabilities while ensuring compliance with legal and regulatory requirements.

ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Minimum 5 year(s) working experience, 3 year(s) relevant working experience, 2 year (s) GCC is a plus

Competencies

Collaboration
Accountability
Resilience
Quality
Leadership
Tax Analysis L2
Financial Reporting L2
Financial Auditing L2
Corporate Taxation L2
International Taxes L2

Education

Bachelor's Degree in any related field
Professional Qualification in Chartered Accountant (CA)