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Assistant Controller - Direct Taxation

Employer
Abbott Healthcare
Location
Mumbai, Maharashtra, India
Salary
Competitive Salary
Closing date
Mar 21, 2021

View more

Job Role
Accounts Assistant
Sector
Finance
Contract Type
Permanent
Hours
Full Time


Job Title:
\u00A0Asst. Controller - Direct Taxation
Job Profile:\u00A0Accounting - Tax
ORGANIZATION
Job Family:\u00A0Tax
Job Sub-Family: Tax
Division:\u00A0IFO International Finance
JOB SUMMARY
Controller Direct Taxation's primary job function is to:

  • Managing and Handling Direct Taxation, International Taxation, Withholding taxes, Tax collection at source, Expat Taxation and Transfer Pricing for Abbott India Limited (AIL) a listed entity. Handling Tax Return filing for affiliates (Abbott Asia Holdings Ltd and Abbott Laboratories US) in India. Ensure maximum claims and optimise effective tax rate.
  • Responsible for Direct tax related audits, assessments, compliances, Corporate USGAAP and IGAAP Tax reporting including Corporate Tax Return filings, Tax Audit and Transfer Pricing Audit, representation for Corporate Income-tax, Employee taxation and Transfer Pricing Assessments and Filing of Appeals and representation before multiple Appellate Authorities [DRP, CIT(A), Tribunal, High Court etc.]. Also responsible for SOX audit, Corporate Audit.
  • Responsible for Tax Accounting and reconciliation of all Tax GLs.
  • Timely and effective support to businesses and other functions and resolution of their queries in case of AIL.
  • Supporting AIL Accounting team during year-end and Ind-AS implementation.
CORE JOB RESPONSIBILITIES
Managing, handling and ensuring all AIL related direct taxation compliances within statutory due dates relating to WHT (Domestic and Foreign) as well as Tax collection at Source (Domestic).
Review of computation of advance tax and finalising amount to be paid quarterly.
Ensuring AIL Tax return filings within due date.
Review and finalisation of Tax Provision working under IGAAP/IND AS and USGAAP and providing support to accounting group.
Handling audits of AIL Tax Audit, Transfer Pricing Audit, SOX Audit, Local IFC (Management testing) US Corporate Audit and Internal Audit.
Representation before Revenue Authorities for AIL Assessments & Appeals which includes leading Revenue Assessment & appearing before Appellate authorities.
FIN48/RPP analysis of key disputed issues and strategize for representation based on past judicial precedence and determination of provision/contingent liability.
Ensure reconciliation of all Direct Tax GL Accounts within management deadlines. Periodic reporting to Corporate Tax US. Filing various Appeals at different levels e.g. CIT (A), DRP, ITAT and High Court.
Provide requisite support to consultants for the preparation for the hearings i.e. briefing the counsels and appeared before appellate authorities and co-ordination with tax consultant for timely filing of the same
Handling Expat taxation. Advisory to business. Automation of key processes and tax filings.
  • Supervisory/Management Responsibilities
To supervise and monitor AIL tax audit, transfer pricing audit, TDS compliance, TDS litigations, compilation of assessment details, advance tax payments, audits, returns etc.
Position Accountability / Scope
Ensure Direct Tax & Transfer Pricing compliance for AIL and Foreign Affiliates (Abbott Asia Holdings Ltd and Abbott Laboratories). Maximise claims to optimise effective tax rate. Effective representation before tax authorities and providing support to business in a timely manner and ensuring clean audits.
MINIMUM QUALIFICATIONS
Minimum Education
Chartered Accountant with working knowledge of USGAAP, IGAAP, GST and SAP
Experience Details
Minimum experience of 10 years in a similar role



Job Title:
\u00A0Asst. Controller - Direct Taxation
Job Profile:\u00A0Accounting - Tax
ORGANIZATION
Job Family:\u00A0Tax
Job Sub-Family: Tax
Division:\u00A0IFO International Finance
JOB SUMMARY
Controller Direct Taxation's primary job functi

Skills: Internal Audit, tax accounting , tax reporting , International Finance, Tax Audit, Accounting, Sap, Transfer Pricing, Responsible

Experience: 10.00-13.00 Years

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