Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use our products to feel good, look good and get more out of life – giving us a unique opportunity to build a brighter future.
HUL works to create a better future every day and helps people feel good, look good and get more out of life with brands and services that are good for them and good for others.
With over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers, the Company is a part of the everyday life of millions of consumers across India. Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Glow & Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.
The Company has about 21,000 employees and has sales of INR 38,273 crores (the financial year 2019-20). HUL is a subsidiary of Unilever, one of the world’s leading suppliers of Food, Home Care, Personal.
The Global Tax function has launched the Future of Tax (FOT) transformation project under the Digital Finance umbrella. As part of the Future of Tax project, compliance work related to direct tax, indirect tax, withholding tax and transfer pricing which will be done by Business and Supplier Operations Team, under a new target Operating Model (TOM). The new TOM will involve tax process to be performed across Global Tax team, Country Tax Team, UniOps and 3rd party consultant (Big 4s).
The UniOps team is envisioned to be the central tax data organization with the responsibility to deliver good quality data. The team has to manage tax data in order to improve the efficiency of the tax operations in a cost-effective manner.
UniOps vision is to build an externally benchmarked, world class Tax Data COE which delivers End to End high-quality, accurate financial information for effective decision making and meeting regulatory requirements.
Guiding Principles for project success
- Drive value by freeing up space within Tax (through effective partnering) to focus on strategy
- Global, standardized, simplified and efficient tax process model
- Flexible, agile and Future Fit sustainable operations
- Ownership mindset with passion for high performance
Key Requirements of the Role
- Collecting / querying / consolidating information from accounting / ERP systems (SAP)
- Managing financial data with focus on hygiene of master data and transactional data
- Reconciliation and analysis of data
- Check sample high value documents checks on tax data being extracted. Check for accuracy and allowance of expenses for tax deduction
- Monthly/quarterly calculation of VAT and preparation of VAT returns for various countries across the globe
- Annual preparation of Corporate Income Tax packs of various countries across the globe
- Post tax related entries in the books of accounts, after sign off from country tax team
- Ensure tax related payments happen to government / tax authorities as per the timelines in respective countries.
- Ensure tax related controls and compliance are met as per the Unilever control framework
- Prepare and maintain detailed documentation/files on monthly basis related to direct tax reporting. .
- Provide documentation / data support on the audit queries raised with analysis performed
- Archiving of documents of all the direct tax related activities from data extraction till filings in company dedicated folders as per ITGC & audit requirements.
