Role Scope:
- Ensuring compliance with applicable Indian Direct Tax Regulations.
- Expeditious resolution of Tax matters when need arises.
- Internal and External Stakeholder management.
- Keeping business leadership abreast of various tax implications on a continuing basis.
- Digitalizing tax processes.
Change the future with us!
Responsibility for statutory direct tax compliance for Siemens Ltd, India and its subsidiaries which includes the following key areas:
- Preparation and filing of Return of Income, tax audit and transfer pricing requirements as per statutory deadlines.
- As per IFRS – Preparation of Effective tax rate and annual computations for both current tax and deferred tax on quarterly and annual basis.
- As per IndAS – Preparation of computations for both current tax and deferred Tax for the purpose of statutory and tax financials.
- Preparation of IndAS tax disclosures on quarterly and annual basis.
- Preparation of estimated tax computations for the purpose of paying advance taxes.
- Coordinating with tax auditors/TP auditors/statutory auditors for the purpose of Tax audit/TP audit.
- Ensure adequate defense documentation is in place to support the positions taken in the tax return.
- Transfer pricing advisory role to the different business units.
- Prepare submissions to tax authorities and attend or organize representation at assessment and appellate hearings.
- Ensure best tax accounting practices are followed and maintained.
- Work towards improving processes and ensuring a robust system with regards to direct tax and initiate process improvements and act as a change agent within the organization.
- Monitor changes in tax laws and regulation and assess their impact on Company’s tax position.
- Collaborate with cross-functional team including legal, finance, business units to support business transactions from tax perspective.
- Tax optimization of entire spectrum of domestic and international taxes.
- Optimize effective tax rate and transaction taxes and tax efficient repatriation of funds.
- Planning and compliance with Transfer pricing.
- Managing taxation of Permanent establishments outside India.
- Partnering with the business for the efficient business models and saving opportunities.
- Participate in tax strategy, restructuring of transactions like formation of entities, acquisitions, disposals, mergers, financing transactions, major spends, offshore / onshore supply and service agreements and so on.
- Tax Planning: Assist in tax planning projects and be a major contributor in regional/global projects.
- Participate in the due diligence work for M&A initiatives.
- Communicate results effectively to management and non-financial personnel.
- Guide other departments by researching and interpreting relevant Tax laws, applying observations and recommendations to operational issues.
- Drives digitalization and automation initiatives to enhance efficiency and accuracy of tax compliances and reporting processes.
We don’t need superheroes, just super minds
- You must be a qualified CA and you bring 1-2 years of experience focused on direct taxes, transfer pricing. Good knowledge and understanding of Accounting Standards and tax provisioning. Finance and Indian GAAP, IFRS, Commercial concepts, Business understanding.
- System proficiency and should have operated in ERP based integrated applications; SAP knowledge preferred.
- Highly motivated, and results driven with a high energy level – has a bias for proactive action.
- Excellent interpersonal and communication skills, with the ability to build relationships with different partners.
- Should have a track record of competent handling of complex tax matters.
- Should be up to date on tax laws and rules and have an expert level understanding of relevant tax laws and rules.
- Behaves in a mature and appropriate manner and shows good judgment.