The role of a Tax Manager involves a variety of responsibilities focused on managing and overseeing the tax function within an organization under the group. Here are some key aspects of the job:
Responsibilities:
• Tax Planning and Strategy:
• Develop and implement effective tax strategies to minimize the organization's tax liabilities.
• Provide strategic tax planning advice to senior management and stakeholders.
• Stay updated on tax legislation and regulatory changes, ensuring compliance and optimizing tax positions.
• Oversee transfer pricing strategies and documentation.
• Tax Compliance:
• Ensure timely compliance and accurate filing of all tax returns (e.g., VAT, Corporate Tax, ESR,UBO,AML,withholding tax.) in compliance with UAE & other GCC tax laws and regulations.
• Coordinate with external tax advisors and auditors to manage tax audits and inquiries.
• Maintain detailed records and documentation to support tax filings and audits.
• Tax Reporting:
• Prepare and review tax provision calculations for financial statements.
• Ensure accurate reporting of tax-related items in financial statements in accordance with IFRS and other relevant standards.
• Collaborate with the finance team to integrate tax considerations into overall financial reporting.
• Risk Management:
• Identify and mitigate tax risks through effective controls and processes.
• Conduct regular tax risk assessments and implement measures to address identified risks.
• Develop and maintain tax policies and procedures.
• Advisory and Support:
• Provide tax advice and support to various business units and departments within the organization.
• Assist in structuring business transactions to achieve tax efficiency.
• Support mergers, acquisitions, and other corporate transactions from a tax perspective.
• Team Leadership:
• Lead and mentor a team of tax professionals, providing guidance and development opportunities.
• Foster a culture of continuous improvement and professional growth within the tax team.
Qualifications:
• Education:
• Bachelor's degree in Accounting, Finance, Taxation, or a related field. A master's degree or professional certification (e.g., CPA, ACCA, CTA,CA) is often preferred.
• Experience:
• Several years of experience in tax management, preferably within a multinational corporation or a Big Four accounting firm.
• Strong knowledge of UAE tax laws and regulations, including VAT and corporate tax.
• Skills:
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills, with the ability to explain complex tax concepts to non-tax professionals.
• Proficiency in tax software and financial systems.
• Attention to detail and a high level of accuracy.
Additional Considerations:
• Regulatory Environment:
• Stay informed about the evolving tax landscape in the UAE and other GCC , including recent developments such as the introduction of corporate tax.
• Understand the implications of international tax treaties and transfer pricing regulations as they apply to the UAE and other GCC Countries.
• Cultural and Economic Factors:
• Be aware of the unique cultural and economic environment in the UAE, including the importance of maintaining good relationships with local tax authorities.
• Adapt tax strategies to align with the business practices and market conditions in the region.
By fulfilling these responsibilities and qualifications, a Tax Manager in the UAE and other GCC countries can effectively manage the organization's tax obligations, optimize tax efficiency, and contribute to the overall financial health of the business.
Job Type: Full-time
Experience:
• TAX MANAGEMENT: 5 years (Preferred)
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