POSITION DUTIES: - Tax Compliance
- Managing and overseeing the filling of regular tax returns timely, including Corporate Income Tax & GST for both TFMC local and TFMC foreign companies
- Review tax audit returns as part of Statutory audit
- Ensure that the business complies with periodic tax payments and other tax authority requirements
- Preparation of quarterly advance tax payments
- Coordinate and manage both direct & indirect tax audits, inquiries and notices from tax authorities
- Assist & managed local transfer pricing documentations
- Foster a culture of tax compliance and awareness throughout the organization, providing training and support as needed
- Stay updated with changes in tax laws and regulations in India for both direct & indirect taxes and proactively identify potential risks or opportunities for the organization
- Conduct a thorough analysis of taxes to provide expert advice on tax planning and optimization opportunities to ensure compliance with local regulations
- Maintain good working relationship cross departments and collaborate effectively/efficiently with other departments such as finance, legal, operations, stakeholders to ensure alignment and coordination on tax matters
- Act as key point of contact and support for all PAN Indian tax matters
- Hands on experience on SEZ & MOOWR compliances and process
- Tax Accounting and Reporting
- Participate in tax provisioning process (local GAAP to tax as well as local GAAP to IFRS and US GAAP)
- Review and coordinate reporting under ASC 740 (US GAAP accounting for income taxes)
- Coordinate group tax reporting for US SOX purposes
- Review and control data input in the group tax reporting tool (CorpTax)
- Review/ Prepare TBBS
- Tender Support/Project Execution/Tax Planning
- Assist regional tax senior manager to provide tender and bid support to Subsea and Surface operations, including contract review and advice on tax efficient contract structuring
- Advise business units on relevant project tax costs and risks (e.g., direct taxes, indirect taxes, etc.) for project planning and financial evaluation
- Following the successful award of tenders to the company, provide ongoing tax support to operations teams during project execution phase
- Lead in the analysis and resolution of all complex tax issues impacting TFMC's business in India
- Keep abreast of changes and amendments to tax laws (Direct & Indirect), conduct tax research and advise TFMC or business unit on how to comply with regulations and maximize tax benefits
- Advise on ad-hoc business transactions and tax treaty reliance to achieve tax efficiencies
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