Manager - Direct Tax - FMCG

Company Overview :

Mondelez India Foods Private Limited (Formerly Cadbury India Ltd) is a part of Mondelz International, Inc. (NASDAQ: MDLZ) family of companies, which comprises the global snacking and food brands of the former Kraft Foods Inc. following the spin-off of its North American grocery operations in October 2012. Kraft Foods acquired Cadbury Plc in 2010. The combination of Kraft Foods and Cadbury created a global powerhouse in snacks, confectionery and convenient meals. Kraft Foods had two very different portfolios which would benefit from being run separately. Hence Kraft Foods split in to two companies on October 1, 2012, with focused portfolios: Mondelz International: A global snacking business Kraft Foods: A North American grocery and beverage business.

PURPOSE OF THE ROLE / FUNCTIONAL CONTEXT:

- To ensure compliance of statutory requirements relating to Direct Tax including litigations

- Strategic direct tax management ensuring availment of eligible tax benefits and mitigating tax risks

- To advise for withholding tax applicable with reference to foreign remittances and ensure all related compliance requirements

- To ensure timely and correct regional reporting, including submission of Tax Packs, Tax Review Templates, True up templates, Uncertain Tax Positions (UTP), ETR forecasts, monthly current tax and deferred tax provision working, etc.

- To constantly improve operating efficiencies and make Tax best in class

JOB RESPONSIBILITIES:

- To ensure timely filing of Corporate Tax returns, submission, appeals at different levels of litigation etc. in respect of Direct Tax

- Overall in charge of Tax audit, submission tax schedules, transfer pricing certification, Transfer Pricing Study for all Group entities such as MIFL, IFL, KJS and all foreign affiliates for which direct tax compliance needs to be done in India.

- Appearing with/without consultants for Transfer Pricing Assessments and Corporate Tax Assessments and getting assessment completed with least possible disallowance.

- Detailed discussion on firming up approach with Tax Head and consultants before approaching for assessment hearings.

- Working on preparation of sound arguments and detailed documentation with Business Teams and other finance teams to minimize/counter allegations of Tax authorities on tax disallowances, transfer pricing disallowances, etc.

- Managing any queries, inquiry etc. by Direct Tax authorities on the company

- To drive improvement areas based on the experience of litigation with tax authorities

- To maintain contingent liability status and tax schedules for direct tax

- Group Tax reporting compliance (To ensure timely and correct regional reporting, including submission of Tax Packs, Tax Review Templates, True up templates, UTP, ETR forecasts, etc.)

- To maintain comprehensive database of each level in Direct Tax Litigations

- Timely and accurate advice on applicability of withholding tax for foreign remittances and domestic transactions to business and affiliates, Regional Tax

- Timely filing of TDS returns in respect of foreign remittances

- Working on any new projects with respect to Direct tax implication

- New Direct Tax Code implementation in Mondelez India Foods Limited/other entities- GAAR provisions.

- Manage new initiatives including shareholding pattern, AAR filing, APA, etc.

- Advising on new changes in Direct Taxes to the company including quantification of tax impact.

- Computation of monthly tax (current tax & deferred tax).

- Monthly Tax GL reconciliation & proper provisioning of current and deferred tax.