Job Purpose
This role will be directly responsible for overseeing, managing support on all tax related matters for the Pulses business in India,
Pulses vertical. This role involves ensuring compliance with tax laws (Direct tax, Indirect tax, Transfer Pricing), managing tax planning and strategy, and optimizing the tax position for the India Pulses business vertical. The person will also play a crucial role in optimizing business’ tax expenses and liabilities while maximizing tax incentives and benefits.
Job Summary
Tax Compliance
- Ensure that the business complies with all Indian tax laws and regulations
- Ensure timely preparation & filing of India tax returns, including Income tax, GST, TDS, TCS and other taxes
- Monitor and implement changes in tax laws and regulations to maintain compliance, work with advisors, and keep Pulses business vertical team informed
- Follow up action to ensure closure with countries/teams on identified tax issues
Transfer Pricing (TP)
- Responsible for group entities to be compliant with Indian TP regulations. Develop, update the India TP documentation in line with the overall Group TP policy, and Indian TP regulations, to support intercompany transactions
- Manage and be responsible for necessary TP documentation in coordination with relevant tax advisors and internal stakeholders
Tax and TP Audit & disputes:
- Responsible to lead and manage any Tax and TP disputes with Indian tax authorities in close collaboration with internal stakeholders and local advisors
- Manage and support tax and TP audits, and disputes within regional tax authorities in close collaboration with internal stakeholders and local advisors
- Prepare and keep updated the tax audit risk register for the India and other regions
- Prepare and maintain necessary documentation to defend the company's tax positions, work with tax advisors
- Review ongoing tax positions and make recommendations where change is needed, follow up to close action
Tax Planning and Strategy
- Develop and implement tax strategies for India that optimize the business’ tax expenses and liabilities while remaining compliant. Monitor, and actively manage the effective tax rate position of entities in India and other regions
- Identify opportunities for tax optimization, deductions, credits and incentives in close collaboration with internal stakeholders and local advisors
- Participate and provide tax support to internal stakeholders from finance and taxation in larger M&A; projects, tax due diligence, tax structuring, tax reviews, as required from time to time
- Align tax strategy with internal stakeholders from the business vertical and collaborate to action solutions for tax risks and exposures
Tax Accounting, Reporting and Documentation:
- Prepare and maintain accurate tax records, reports, and documentation for internal and external purposes.
- Provide regular reports to the Pulses vertical leadership team regarding the tax position and potential risks in India.
- Collaborate with the finance and accounting teams to ensure accurate tax accounting and financial reporting.
- Manage the provision for income taxes and deferred tax assets (DTA)/liabilities (DTL) and review/update monthly.
Job Requirement
- A qualified CA with 10+ years of related experience. Additional qualification /certification in Taxation will be an added advantage
- Strong experience in corporate tax in either Commodities business, Big Taxation firm or MNC tax department.
And his/her past role should have given sufficient global exposure working with international teams
- Must have solid technical knowledge and abilities in Indian Income Tax, TDS and GST matters, Transfer Pricing
- He / she should be detail oriented with a strong working knowledge of excel and power point
- Have an open mindset to learn new skills, industry requirements, flexible on needs and demands of business
- Confident and able to lead discussions with senior management teams
- Knowledge/experience in the Agri commodities industry would be advantageous
📌 Manager – Taxation (Mumbai)
🏢 ETG
📍 Mumbai