Tax Specialist Responsibilities
- Tax Planning: Developing, formulating, and executing tax planning strategies tailored to the group tax environment.
- Legal Structure Optimization: Assessing the organization's legal structure globally to enhance tax efficiency.
- Effective Tax Rate Management: Analyzing the organization's Effective Tax Rate (ETR) worldwide and devising strategies to optimize it.
- Cross Border Tax Planning: Optimizing cross-border transactions to minimize withholding taxes, double taxation, and other issues.
- Financial Modelling: Using financial models to assess the tax impact of business decisions like expansions, mergers, and acquisitions.
- International Tax Compliance: Ensuring adherence to international tax standards and treaties applicable to group transactions.
- Tax Legislation Monitoring: Keeping updated on changes in tax laws and regulations across countries and adjusting strategies accordingly.
- Documentation & Reporting: Preparing and maintaining documentation to support tax strategies and demonstrate compliance.
- Risk Assessment: Conducting tax risk assessments, evaluating audit likelihood, and potential dispute impacts.
- Stakeholder Communication: Collaborating with finance, legal, and operations teams to align tax strategies with business goals.
- Tax Law Expertise: Developing a deep understanding of tax laws and regulations in operational regions.
- Tax Filing & Payments: Ensuring accurate and timely filing of tax returns and payments.
- Withholding Tax Review: Reviewing withholding tax requirements with country finance teams and ensuring compliance.
- Record Maintenance: Keeping organized records of all tax-related transactions and correspondence.
- Tax Reporting: Submitting necessary tax reports and disclosures on time.
- Tax Credits & Incentives: Identifying and claiming eligible tax credits, deductions, and incentives.
- Tax Dispute Management: Responding to audits, inquiries, and requests from tax authorities, providing documentation and negotiations.
- Training & Guidance: Providing tax compliance training to internal teams.
- Risk Management: Conducting periodic compliance risk assessments and advising mitigation strategies.
- Regulation Updates: Staying informed on local tax law changes and adjusting practices accordingly.
- Record Policies: Implementing policies for safeguarding and accessible tax records.
- Vendor Compliance: Ensuring vendors and suppliers are tax compliant, verifying tax IDs, and withholding taxes when required.
- Tax Authority Relations: Maintaining open communication with tax authorities and responding promptly to inquiries.