Tax Lead

Al Qadisiyah

Job Overview:

The Tax Lead will be responsible for ensuring the company s compliance with all tax obligations, including direct and indirect taxes. This role involves managing the preparation, filing, and reporting of income tax, value-added tax (VAT), withholding tax, and other applicable tax filings, as well as staying up to date on tax laws and regulations. The ideal candidate will have a strong understanding of tax compliance, reporting processes, and tax strategy.

Key Responsibilities:

• Direct Tax Compliance & Reporting (Income Tax):
• Prepare and file corporate income tax returns, ensuring accurate and timely submission in accordance with local tax laws.
  
• Work with internal teams to gather necessary financial data for tax filings.
  
• Ensure compliance with tax laws related to income tax, including tax provisions and deferred tax calculations.
  
• Assist in managing tax audits and provide necessary documentation to tax authorities when required.
  
• Prepare quarterly and annual tax provision calculations, ensuring alignment with financial reporting.
  
• Support in tax planning activities to optimize income tax liabilities.
  
• Indirect Tax Compliance & Reporting (VAT, Sales Tax):
• Manage the preparation and filing of VAT returns, ensuring compliance with local regulations and deadlines.
  
• Monitor VAT transactions, including review of invoices, credit notes, and tax exempt transactions, ensuring correct VAT application.
  
• Provide guidance on VAT-related issues, such as taxability of goods and services, VAT recovery, and cross-border transactions.
  
• Ensure VAT documentation is complete and supports compliance with audit requirements.
  
• Stay current on indirect tax regulations and developments, including any changes in VAT or sales tax rules, and communicate relevant updates to internal stakeholders.
  
• Withholding Tax Compliance:
• Ensure that withholding tax obligations are met, including calculating and reporting withholding tax on payments to non-residents.
  
• Prepare and submit withholding tax returns for various types of income (interest, royalties, dividends, etc.).
  
• Review cross-border transactions to ensure proper withholding tax rates and treaties are applied.
  
• Assist in managing withholding tax audits and provide supporting documentation when requested.
  
• Tax Reporting & Documentation:
• Prepare and maintain tax documentation and support for compliance filings, ensuring that all records are accurate and organized.
  
• Assist in the preparation of tax disclosures for financial reporting, including the income tax footnotes in the company s financial statements.
  
• Provide necessary documentation for tax audits, supporting all findings with detailed records and explanations.
  
• Tax Risk Management & Strategy:
• Identify potential tax risks and collaborate with the tax manager in implementing strategies to mitigate those risks.
  
• Participate in tax planning initiatives to reduce tax liabilities and improve tax efficiency, ensuring compliance with laws and regulations.
  
• Review contracts and transactions from a tax perspective to ensure tax-efficient structures and compliance.
  
• Regulatory Compliance & Updates:
• Monitor changes in tax legislation and regulations, and assess their impact on the company s tax compliance and reporting obligations.
  
• Provide insights and advice to management and internal teams regarding changes in tax laws, compliance requirements, and planning opportunities.
  
• Support the business by providing practical advice on tax implications for new initiatives, acquisitions, or restructurings.
  
• Audit & Liaison with Tax Authorities:
• Liaise with tax authorities on audits, assessments, and inquiries, responding to requests and providing clarifications when needed.
  
• Assist in managing any tax disputes or appeals, ensuring the company s interests are well-represented.
  
• Coordinate with external auditors and tax advisors as necessary to resolve tax-related matters.
  
• Cross-Functional Collaboration:
• Work closely with finance, legal, and operations teams to ensure tax compliance across the organization.
  
• Provide tax support for new business ventures, international transactions, and intercompany arrangements.