Head - Taxation - Automobile/Manufacturing Firm

Head Taxation

Role: Head Taxation

Location: Kolkata

Reporting to: CFO

Educational Qualification : Professional Qualification in Finance & Accounts

Experience : Minimum 15 -20 years of relevant experience and up to 10 years of experience in core tax fields

Job Purpose : The role is responsible for leading the entire Taxation team, (both direct and indirect) services, ensuring compliance with laws and regulations within the prescribed timeframes, identifying tax risks, managing tax provisions and partnering with business as tax advisors.

Key Accountabilities :

Individual Accountabilities :

- Formulate & execute the development of tax strategy for the organization to ensure optimized tax liability for the organization to increase profits after tax

- Ensure preparation of Annual Corporate Income Tax computation and returns based on the Financials including ensuring correctness of tax charging (eg. checking for eligible deductions / incentives / exemptions and calculation of final tax liability)

- Ensure all claims for refunds are made with the concerned authorities and undertake adequate follow up for the same

- Lead documentation and implementation of transfer pricing policies across a range of intercompany transactions on a global basis

- Drive proactive study of the taxation environment including any amendments/ changes in tax laws and intimate business groups on various developments and implications for the company

- Continuously scan the environment for new opportunities for cost reduction through efficient tax structuring

- Ensure compliance of all direct and indirect taxation activities for the Company and subsidiaries with statutory / regulatory requirements

- Responsible for GST related compliances and audits

- Customs related compliance and advisory. Attend customs related assessments, including imports from related parties. Liaison with CHA to ensure effective customs clearance.

- Attend Professional Tax related assessments and queries

- Liaison with tax auditors, prepare the tax audit and ITR returns, to attend and comply with Income tax related assessments and appeal matters. Liaison with Consultants and Advocates in this regard.

- Responsible for handling direct and indirect tax litigation which involves extensive interaction with consultants, drafting/reviewing submissions and appearing before the authorities

- Ensure compliance with internal audit policies and procedures

- Ensure FEMA and Companies Act related compliances for foreign remittances made

- Conduct timely assessment and audit of the company and subsidiaries

People and Capability Development :

- Guide and coach team members to develop strong relationships with key internal and external stakeholders

Key Shared Accountabilities :

- Partner with internal Finance and business teams to ensure effective tax planning and optimized tax liability and compliance with all statutory and regulatory requirements

Stake Holders :

Internal :

- Finance Team

- Business Teams

- Legal team

- Secretarial and Compliance team

External :

- All Tax Authorities both GST, Customs and Income Tax

- All Tax Consultants / Advocates