Assistant Manager of Tax Operations
2 months ago
As a key member of the tax team, you will provide essential support to the Senior Tax Manager for the APAC region, focusing on US tax provisions, compliance, and strategic planning initiatives primarily in China, with potential involvement in Japan, Hong Kong SAR, Vietnam, and other locations. This role encompasses the preparation of tax returns, local transfer pricing documentation, forecasting tax liabilities, and generating statistical reports for governmental compliance, ensuring adherence to local tax regulations within the Asia-Pacific area.
Responsibilities:
50% Tax Compliance and Operations
- Assist in the preparation of all tax compliance submissions (CIT, VAT, Stamp Duty) on a monthly, quarterly, and annual basis for the China entity, as well as other legal entities and branches in the APAC region.
- Oversee local vendors regarding China VAT e-invoice processes, input VAT claims, and VAT reconciliations.
- Prepare and review VAT and CIT reconciliations to ensure accurate and timely submissions.
- Stay informed on tax legislation and regulations within the APAC region.
- Conduct regular self-assessments of tax risks and develop action plans to mitigate identified risks.
- Manage intercompany balances and oversee overseas remittance processes, ensuring timely withholding tax declarations.
20% Tax Consulting, Transfer Pricing, and Audits
- Facilitate regular tax law training sessions for relevant departments.
- Review transfer pricing reports for the APAC region, primarily focusing on China.
- Standardize and enhance transaction processes to ensure effective implementation of strategic tax plans.
- Collaborate with various teams (Legal, GAS, Treasury, Logistics) to create process manuals that meet transaction reporting requirements, including importation and VAT refunds.
- Lead daily tax inquiries and support the defense of tax and customs audits.
- Assist with tax audits in the APAC region as necessary.
- Engage with government officials regarding tax refund applications.
- Maintain strong relationships with local tax authorities and supervise the deliverables of local vendors.
20% Business and Software Transformation
- Drive improvements in processes and systems across the APAC Finance functions.
- Contribute to all work-streams and post-implementation efforts affecting direct and indirect taxes and customs duties, including EBS Tax, Vertex, and OneSource Tax Provision upgrades.
- Lead the transformation of China VAT e-invoicing for all legal entities and branches.
10% US Tax Provision
- Oversee the ASC 740 tax provision calculation worksheet for China entities on a quarterly and annual basis.
- Prepare FIN 48 tax reserve analyses (US GAAP), deferred tax assets/liabilities, and forecasts for tax payables.
- Prepare quarterly transfer pricing calculations for China, including marketing and payroll recharge, limited risk distributor calculations, and service fee mark-ups.
- Monitor tax-sensitive operational matters that may impact tax positions and assist the Senior Tax Manager in mitigating tax exposures to reduce the effective tax rate.
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