Tax Manager

Bank of China; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Bank of China – Kuala Lumpur is seeking a senior tax professional to oversee corporate income tax compliance, reporting, and transfer pricing governance. You will review computations, submissions, and provisions in coordination with the Reporting team.

You will monitor tax balances, liaise with external agents, and advise business units on tax implications of contracts and cross-border arrangements, ensuring accurate tax positions and strong internal controls consistent with Malaysian tax rules.

Qualifications

• Oversee corporate income tax compliance and reporting in Malaysia.
• Review tax computations, returns, estimates, and statutory submissions.
• Ensure timely submission of tax returns, estimates and payments.
• Review tax provisions and current/deferred tax balances in coordination with the Reporting team.
• Monitor tax balances and tax-related GL accounts and ensure reconciliation.
• Coordinate with external tax agents for timely and accurate compliance.
• Oversee transfer pricing compliance and governance.
• Coordinate preparation and review of transfer pricing documentation.
• Review related-party transactions and assess transfer pricing implications.
• Work with Reporting team to document intercompany transactions and support.
• Monitor Malaysian transfer pricing legislation and IRBM guidelines.

Responsibilities

• Oversee the Bank's corporate income tax compliance and reporting requirements.
• Review tax computations, tax returns, tax estimates and related submissions.
• Ensure timely submission of tax returns, estimates and payments.
• 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.
• Establish minimum data-quality standards for e-Invoice submission.
• Define ownership of e-Invoice data across relevant departments.
• 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.
• 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.
• 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.
• 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.

Skills

Corporate tax

Tax compliance

Transfer pricing

Tax accounting

Internal controls

Job description

Bank of China – Kuala Lumpur, Kuala Lumpur

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.

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.

Transfer Pricing

• 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.

e-Invoice Data Quality & Control

• Establish minimum data-quality standards for e-Invoice submission.
• Define ownership of e-Invoice data across relevant departments.
• 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.

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.

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.

Tax Accounting & Financial Reporting

• 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.

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.