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Job Title : Tax Manager ( GFIN-57-04-2018 )
Job Location : Dubai
Job Industry : Finance & Audit
Job Function : Finance & Accounts
Preferred Nationalities : Any
Minimum Educational Qualification : Degree in Accounting and/or Taxation
Relevant Years of Experience: : 7-8 years
Age : 30-45
Posted Date : 13-05-2018
Description

 

Principal Accountabilities

VAT Initial assessment for Business:

·         Understand general business profile of the company and its subsidiaries (if any) for initial assessment of the complexity of VAT implementation in overall group.

·         High level review of existing ERP systems for initial hands up for system upgradation

·         Understand overall volume of the enterprise for implementation of VAT for hiring of consultant, team building point of view

·         Appoint a consultant ( if required) based on initial assessment for VAT projects

·         Liaison between business managers and tax consultants for smooth implementation of VAT project

VAT Strategy and Risk Assessment:

·         Responsible for Group wide VAT strategy

·         Develop and Implement VAT policy framework and VAT operating model

·         Keep up-to-date of VAT developments and share updates with other business functions as appropriate

·         Develop and execute a tax risk management policy

·         VAT function potential areas of indirect tax risks and refer them to the business unit finance teams Flag unusual transactions to Finance Heads and Group VAT function

·         Execute controls established by Group VAT function and finance heads

·         Continuously review and monitor the adequacy of systems, procedures and other relevant records to ensure compliance with VAT regulations

·         Develop and monitor appropriate VAT controls

·         Keep up-to-date of VAT developments and share updates with other business functions as appropriate

·         Provide VAT training/workshop sessions to staff as appropriate.

·         Liaison with IT teams for upgradation of ERP system (both revenue and costs sides) for VAT implementation

VAT Advisory:

·         VAT advisory in compliance with VAT laws and to take preventative action to avoid penalties and interest charges

·         Develop awareness within organization for VAT advisory and consultation before execution of major transaction

·         Collaborate and respond to requests from business functions

·         Determine VAT treatment on transactions

·         Flag unusual transactions to Finance Heads and Group VAT function.

·         Advice on treatment of new transaction

VAT Compliance and Governance:

·         Develop and monitor appropriate VAT controls

·         Keep up-to-date of VAT developments and share updates with other business functions as appropriate

·         Provide VAT training/workshop sessions to staff as appropriate

·         Liaise with IT teams and Group VAT function on adequacy of systems  

·         Review of VAT returns

·         Ensure minimum irrecoverable VAT cost to the business

·         Point of contact in the company for VAT related queries and their solution

·         Assist Finance team in working capital, cost and other analysis related to VAT, cash flow impact etc

·         Update senior management on day to day changes in VAT law

·         Assist CFO to identify controls and allocate roles and responsibilities of VAT accounting with in Finance Division

·         Assist Legal for changes in existing and new agreement

·         Assist Commercial in setting pricing (VAT inclusive or VAT exclusive)

 

Key Deliverables:

·         In house awareness of VAT

·         Appointment of consultant and tax teams

·         Company ready for VAT till Dec 31, 2017

·         Beyond implementation responsible for advisory and compliance