The position will be responsible to ensures full compliance with tax, corporate laws and other allied laws. Responsible for tax computations, payments, filings, ensure correct monthly closing of Tax GL accounts, reporting, filing of tax returns, financial reports and statements required for local compliance and achievement of targets by outstation cells as per the directives given by HQ finance and Line Manager. Control process and financial risk management for an entire Tax and compliance unit as per local country law and corporate finance objectives/ standards, providing solutions to address the deviations and managing the implementation of such solutions. Prepare, review, file i.e. handle all tax related compliances and responsible for taxation matters with in the country as per country local law.
Responsibilities:
Lead global e-invoicing implementation ensuring compliance with country-specific VAT/GST regulations and statutory invoice requirements for airline operations.
Assist in preparing monthly financial Tax statements of outstations, identifies the drivers of financial Receivables and payable of TAX, GST.
Compute as per local legislature and ensure the payment of due taxes and filing of tax returns on timely basis.
Prepares corporate income Tax Return for airline. Assist in complying and verifying the Payroll related taxes i.e. Income Tax, Social Security Taxes, Labor related levies and its payment to respective authority on timely manner.
Review internal controls and implement the corrective action. Co-ordinate and ensure accruals accounting related to tax has been performed by respective stations. Perform accounting related to tax and maintain delivery accurate GL schedules.
Prepare and update regularly Comprehensive Compliance checklist for all applicable taxes to ensure tax payments and filing on timely basis.
Review of Taxation contracts and compare the rates vs actual invoice by conducting the self-audit for consultancy contracts.
Assist in implementing Audit finding results from Internal and External audit and perform self-check to ensure audit criteria are being met, implement best practices in our work to simplify the process compliance.
Assist on significant indirect tax litigation and advisory matters, coordinating with external tax consultants and Finance Manager where necessary.
Conduct monthly impairment review of financial accounting with oracle financials.
Identify the reason for Variances vs. Budget and control Cost by proper business plan.
Prepare and arrange period Tax Health check on Quarterly basis for all stations and provide summary to HO tax unit.
Prepare updates on tax related activities performed and pending on quarterly basis for India stations and submit to head officer tax unit
Assist Tax and Compliance Manager in collating information related to internal and external audit within the country and inform station finance.
Prepare forecast for preparation of tax budget.
Assist in research for tax related issues for new station setup and closely work with management on obtaining prior approvals for appointing consultants for tax related matters and ensuring company registration is done in line with tax legislations.
Follow up on all tax matters/issues pending unfiled returns, any notices received from authority, address them to resolve and close
Responsible for leading all tax litigation in direct tax and indirect tax in absence of FM — Taxation.
Provide accurate, timely and risk based direct tax advice to relevant stakeholders.
Complies with the accounting standards remains as per country law and in reporting.
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