Assistant Manager-VAT.CA-VAT Central Accounts Department
- Employer
- Technology Operations
- Location
- India
- Posted
- Jan 23, 2025
- Closes
- Feb 02, 2025
- Ref
- 5020949323
- Certification
- Other
- Work Mode
- Work from office
- Hours
- Full Time
- Organization Type
- Corporate
Description
Responsibilities
• Oversee VAT compliance for multiple jurisdictions, ensuring adherence to local tax laws and regulations.
• Manage cross-departmental collaboration to ensure consistent VAT compliance and reporting across entities.
• Timely and accurate filing of VAT returns with Tax authorities
• Analyze VAT data to provide actionable insights for cost-saving opportunities.
• Review of expenses & input VAT data and exploring opportunities to maximize the overall input VAT recovery
• Preparing various analysis reports for senior management perusal.
• Review of reconciliation of data uploaded from all source systems to the tax engine
• Coordinate with IT, Finance, and regional teams to ensure VAT processes align with organizational strategies.
• Liaison with internal teams on a daily basis for VAT advisory matters
• Assist and coordinate with different units across the bank with respect to FTA audits.
• Develop and execute process improvement initiatives to streamline compliance efforts.
• Provide support in ensuring all VAT related documentation, statutory records, registers are maintained as per Tax Law requirements
• Provide support in VAT related projects undertaken in the bank
• Support in automation / implementation / enhancement / maintenance of all VAT reporting.
Qualifications
- Lead the preparation, review, and submission of VAT returns across various Mashreq jurisdictions and ensuring full compliance with tax laws.
- Implement VAT optimization techniques, including maximizing input VAT recovery.
- Champion automation and digital transformation of VAT reporting processes.
Responsibilities
• Oversee VAT compliance for multiple jurisdictions, ensuring adherence to local tax laws and regulations.
• Manage cross-departmental collaboration to ensure consistent VAT compliance and reporting across entities.
• Timely and accurate filing of VAT returns with Tax authorities
• Analyze VAT data to provide actionable insights for cost-saving opportunities.
• Review of expenses & input VAT data and exploring opportunities to maximize the overall input VAT recovery
• Preparing various analysis reports for senior management perusal.
• Review of reconciliation of data uploaded from all source systems to the tax engine
• Coordinate with IT, Finance, and regional teams to ensure VAT processes align with organizational strategies.
• Liaison with internal teams on a daily basis for VAT advisory matters
• Assist and coordinate with different units across the bank with respect to FTA audits.
• Develop and execute process improvement initiatives to streamline compliance efforts.
• Provide support in ensuring all VAT related documentation, statutory records, registers are maintained as per Tax Law requirements
• Provide support in VAT related projects undertaken in the bank
• Support in automation / implementation / enhancement / maintenance of all VAT reporting.
Qualifications
- The incumbent should be a CA with more than 4-5 years of work experience in the field of Tax & Regulatory reporting in banking environment.
- Proven expertise in VAT optimization, automation tools, and cross-jurisdictional tax strategies.
- Advanced knowledge of tax laws, international regulations, and related accounting procedures