Sr. Specialist Tax

Job title: Sr. Specialist Tax

Company: OQ


Job description: Job titleSr./Specialist international tax and tax advisoryGradeStreamCorporateFunctionFinance – Finance Control & Tax StructureLocationOman, MuscatBudget control*OPEX and/or CAPEX and/or Revenue amount as relevant*Reporting toHead of TaxDirectReports0Job purposeExecute assigned tasks related to Tax service at Finance Corporate, under Head of Tax scope, acting as team player for tax streamline process by (1) executing tax services for corporate, (2) prepare the Tax accounting guidelines for Corporate & Bus, (3) Coordinate, and consolidate Tax operational activities, and (4) Perform operational roles such as tax in BUs, where there is scarcity of technical resources, with a focus on improving processes and performance in order to support Tax function.The position will act in accordance with the Group’s Mission, Vision, Values & Strategies, as well as, policies, guidelines and international standards, supported by IT Technology platform, HSE standards, Omani government & other legal justifications, and best international practices in consonance with national objectives.Main tasks and responsibilities:International Taxation and Transfer Pricing:

• Proactively analyze and advise on existing or envisaged business operating models and identify key tax risks and opportunities, especially concerning tax costs, permanent establishment risks, and transfer pricing requirements.
• Proactively analyze and advise on existing or envisaged related party transactions taking into account local and international transfer pricing rules.
• Proactively analyze and advise on mergers and acquisitions in a way that ensures incurring the least possible tax costs and optimal tax position.
• Proactively analyze and advise on any risks that may arise from the global mobility of employees.
• Conduct a periodic review of related party transactions and work with the relevant business units to ensure that such transactions are properly documented, benchmarked, and fulfilling the arm’s length principle where appropriate in accordance with the applicable laws.
• Advise and provide guidance to other finance teams and business units concerning key cross-border activities or related party transactions.
• Conduct periodic awareness sessions on tax operating guidelines for the relevant teams to ensure a proper understanding of pertinent tax risks and their mitigative actions.
• Manage tax transformation initiatives including the business adaptation to new legislations, operational improvements, and tax digitalization.
• Maintain the tax governance framework including policies, processes, risks, and controls.
• Manage and ensure timely preparation and submission of Transfer Pricing documentation including Country-by-Country Reporting (CBCR), local files, and master files in compliance with relevant laws and international standards.
• Oversee tax compliance for overseas Special Purpose Vehicles (SPVs), ensuring compliance with direct and indirect tax obligations, as well as economic substance (ES) regulations in relevant jurisdictions.
• Lead the implementation of BEPS 2.0 project including Pillar 1 and Pillar 2 compliance, ensuring compliance with global minimum tax regulations and addressing potential tax liabilities across jurisdictions.

Direct Tax:

• Manage the tax accounting activities including financial analysis, and periodical tax provisioning, and ensure fully reconciled and clean tax accounts.
• Manage the preparation and review of the tax returns and the accurate and timely filing of all tax forms.
• Manage tax audits and tax assessments including preparing responses, creating schedules, drafting formal correspondence, etc. in the most favorable manner.
• Plan for and develop an overall compliance calendar and coordinate timing and inputs with the tax team.
• Preparation of periodic financial statement tax provision and relevant schedules.
• Visit and discuss with relevant tax authorities as and when required and according to internal instructions.
• Builds, manages and maintains strong relationships with direct & indirect tax agencies and external advisers.
• Identify tax efficiencies and optimization opportunities that add value to the business.

Key interactionsInternal: Corporate Finance – TAX in Business Units.External: Staffing specialized Contractors, Vendors & SuppliersNotable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation site.Education requirementsBachelor’s degree in Finance or related field with strong emphasis/specialization in taxesLanguageExcellent knowledge of written, read, and spoken Arabic and English (desirable)Background and experienceCompetencies and skillsSpecialist: Minimum 5 -8years of experience and or capabilities in a similar role will be preferred.Senior Specialist: 8+ years relevant experience in similar role. Capabilities in a similar role Both:Professional experience in direct and indirect taxes.Oil and Gas / Energy industry experience essential (including Upstream and Downstream exposure).Experience in maintaining strong relationships with direct & indirect tax agencies and external advisers in the region. Experience executing direct and indirect tax accruals (CIT, WHT, VAT, GST and sales tax, etc.), streamline process for month-end close.Soft:Analytical skillsPlanning skills Forward thinkingExcellent business and technical report writing skills Demonstrated success in leading and driving solutions involving multiple layers of management, and multiple simultaneous deliverablesThrives when facing ambiguity and complexity; willingness to explore multiple solutions to a problem Ability and willingness to quickly adapt in a rapidly changing environment Technical:Very good knowledge in using PC software.Good understanding of general accounting and tax procedures.Strong knowledge of accounting systems (i.e. SAPJob Req ID: 56090Date: Oct 21, 2024Location:Muscat, OMEntity:Business Unit: FinanceDivision: Financial Control & TaxCountry/Region: OM

Expected salary:

Location: Muscat

Job date: Tue, 29 Oct 2024 00:47:33 GMT

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