Senior Manager Taxation
Job Summary:
We are seeking an experienced and strategic Senior Manager for Taxation (DT & IDT) to lead our taxation team. He/She will manage company’s direct and indirect tax functions. This role requires strong financial acumen, leadership skills, and the ability to drive process improvements.
Key Responsibilities:
- Tax Planning and Strategy: Develop and implement effective tax planning strategies to optimize tax liabilities while ensuring full compliance with applicable tax laws. Analyze and interpret various direct and indirect tax laws (corporate tax, GST) to provide strategic insights and ensure tax efficiency in business decisions.
- Tax Law Advisory: Keep the organization informed about the implications of current and upcoming direct and indirect tax laws on business processes and decisions. Act as an internal consultant, providing guidance to departments on tax-related queries and implications of transactions.
- Engagement with Tax Authorities: Act as the primary liaison between the organization and tax authorities for all assessments, audits, and inquiries. Handle queries, assessments, and audits initiated by tax authorities to ensure accurate representation of the organization. Draft and submit timely, well-prepared responses to notices and inquiries from tax authorities, minimizing potential risks and penalties.
- Collaboration with External Advisors: Work closely with external tax consultants, legal advisors, and auditors to resolve tax issues. Leverage external expertise to address tax disputes and implement recommendations for strategic tax planning.
- Tax Compliance Management: Ensure accurate and timely computation, payment, and filing of tax returns for all applicable direct and indirect taxes, including corporate tax, GST, and TDS. Manage assessments and appeals related to tax filings, ensuring compliance with regulatory timelines.
- Tax Audit and Certification: Coordinate and oversee tax audits, ensuring compliance with audit requirements and timely submission of reports and certifications. Manage certification for transfer pricing in compliance with statutory guidelines, ensuring accuracy and alignment with regulations.
- TDS Management: Oversee the complete TDS process, including deduction, timely deposit, and accurate filing of TDS returns. Manage TDS-related assessments, appeals, and ensure adherence to compliance standards. Address TDS-related queries from internal stakeholders and ensure proper documentation.
- Risk Mitigation and Compliance Monitoring: Identify potential tax risks and implement strategies to mitigate them effectively. Develop and maintain internal controls to ensure tax compliance and minimize exposure to penalties or litigation. Conduct regular reviews of tax compliance processes to ensure adherence to best practices.
Required Competencies:
- Proficiency in treasury management principles and practices.
- Strong understanding of accounts receivable processes and systems.
- Ability to interpret complex financial data and provide actionable insights.
- Strong organizational skills to manage multiple tasks and projects simultaneously.
- Strong analytical and problem-solving skills.
- Ability to prioritize tasks and meet deadlines in a fast-paced environment.
- Ability to think strategically and provide insights to support business growth and profitability.
- Proactive approach to identifying opportunities for improvement and driving change.
- Proficiency in Microsoft Excel and Google sheets.
- Excellent communication and interpersonal skills.
- Ability to work independently and collaboratively in a fast-paced environment.
- Strong attention to detail and problem-solving abilities.
Work Experience & Qualifications:
Qualified Chartered Accountant + LLB with 5-6 years post qualification experience in handling litigations or Semi Qualified CA with 9-10 years experience, preferably in the internet or technology industry + Master’s/Bachelor’s degree in Finance, Accounting, or a related field.