Tax Manager

Bank of China (Malaysia) Berhad; Kuala Lumpur; On-site; MYR 190,000 - 260,000; Full time

Job summary

Bank of China (Malaysia) Berhad seeks a senior tax professional to oversee corporate tax compliance, reporting, and transfer pricing governance. This role collaborates with Finance and business units to ensure accurate tax positions and timely submissions.

You will monitor Malaysian tax legislation, oversee e-Invoice data quality controls, and provide guidance on tax implications of contracts and transactions, while maintaining robust internal controls and governance.

Qualifications

• Bachelor's degree in Accounting or Finance is required (or equivalent).
• Minimum 8+ years of professional tax experience.
• Strong communication and analytical skills are essential.

Responsibilities

• Oversee Bank's corporate income tax compliance and reporting.
• Review tax computations, tax returns, estimates and statutory submissions.
• Coordinate with external tax agents for transfer pricing documentation and compliance.
• Ensure SST, withholding tax and other indirect tax matters are properly applied.
• Establish tax policies, procedures, and internal controls; support financial statements.

Skills

Communication skills

Analytical skills

Education

Bachelor's degree in Accounting or Finance

Job description

The ideal candidate will be responsible for overseeing all tax related decisions and activities in the organization. You will help us stay tax-compliant and up-to-date on new tax laws.

1. Corporate Tax Compliance

• oversee the Bank's corporate income tax compliance and reporting requirements.


• Review tax computations, tax returns, tax estimates and related statutory submissions.


• Ensure timely submission of tax returns, estimates and payments in accordance with applicable statutory deadlines.


• Review tax provisions, current tax and deferred tax balances in coordination with the Reporting team.


• Monitor tax balances and tax-related general ledger accounts and ensure appropriate reconciliation.


• Coordinate with external tax agents to ensure quality, accuracy and timely completion of tax compliance work.


• Oversee the Bank's transfer pricing compliance and governance requirements.


• Coordinate preparation and review of transfer pricing documentation.


• Review related-party transactions and assess transfer pricing implications.


• Work closely with Reporting team and relevant business units to ensure intercompany transactions are appropriately documented and supported.


• Monitor developments in Malaysian transfer pricing legislation and IRBM guidelines and assess their impact on the Bank.

3. e-Invoice Data Quality & Control

• Establish minimum data-quality standards for e-Invoice submission.


• Perform periodic sample checks on e-Invoice transactions.


• Analyse root causes of recurring data-input errors.


• Work with process owners to implement corrective and preventive actions.


• Maintain an e-Invoice issue log and monitor outstanding exceptions.


• Ensure that tax-sensitive master data is appropriately reviewed and controlled.


• Maintain an appropriate audit trail for amendments to e-Invoice-related data.

4. Indirect Tax & Withholding Tax

• Oversee applicable Service Tax (SST), withholding tax and other indirect tax matters.


• Ensure appropriate tax treatment is applied to payments to local and overseas vendors, service providers and other counterparties.


• Review withholding tax obligations on cross-border transactions.


• Provide guidance to business units on tax implications arising from contracts and commercial arrangements.


• Work with relevant departments to strengthen indirect tax controls and processes.

5. Tax Governance & Internal Controls

• Establish and maintain appropriate tax policies, procedures, SOPs and internal controls.


• Conduct periodic tax risk assessments and identify areas requiring management attention.


• Ensure appropriate documentation and audit trails are maintained for significant tax positions.


• Work closely with Reporting teams on tax-related accounting matters.


• Review current tax and deferred tax calculations and disclosures.


• Support the preparation of annual and interim financial statements in relation to tax matters.


• Liaise with external auditors on tax accounting, tax provisions and significant tax judgements.


• Ensure tax-related financial reporting is accurate and properly supported.

7. Tax Legislative Monitoring & Business Support

• Monitor changes to Malaysian tax legislation, IRBM guidelines, tax rulings and other relevant regulatory developments.


• Assess the potential impact of new tax requirements on the Bank.


• Coordinate implementation of new tax requirements across relevant business functions


• Provide practical tax advice to management and business units on new products, transactions, contracts, investments and business initiatives.


• Assess the tax implications of proposed business arrangements, restructuring, financing and other commercial transactions.


• Review significant agreements and contracts from a Malaysian tax perspective.

Qualifications

• Bachelor's degree or equivalent experience in Accounting or Finance


• Minimum 8+ years' of experience of professional tax experience


• Strong communication and analytical skills