Senior Analyst, Taxation (International Tax)

u00A0

About the Company:

u00A0

ADNOC Distribution is on a journey to change the retail landscape, delivering tangible actions to facilitate progress in providing sustainable mobility solutions for our customers. We are taking bold and transformative steps to grow our domestic and international footprint for our customers. We are customer-centric, offering digitally enabled journeys and providing innovative products and services to drive accelerated and sustainable development for the future of mobility.

u00A0

ADNOC Distribution markets, sells, and distributes transportation fuel to both retail and commercial customers. We also run non-fuel services at our service stations.

u00A0

About the Job:

u00A0

Provide specialist subject matter services to ensure transfer pricing & international tax compliance, optimize tax strategies and support international tax planning. Collaborate with cross-functional teams and external advisors to ensure ADNOC Distribution and its subsidiaries are in compliance with transfer pricing & international tax regulations.

u00A0

Job Specific Accountabilities

International Tax & Transfer Pricing Advisory

u2022 Work with advisors to assess tax implications of foreign expansion plans including but not limited to tax structuring, permanent establishment risk assessments and withholding tax.

u2022 Work with advisors on tax due diligence and relevant tax aspects of post-merger integration pertaining to foreign merger and acquisition (M&A) activities.

u2022 Support to address the relevant Organization for Economic Co-operation and Development (OECD) Base Erosion Profit Shifting (BEPS) requirements, including but not limited to Country-by-Country reporting (CbCR) and BEPS Pillar Two.

u2022 Handle operational day-to-day activities with International Tax and transfer pricing impact provide tax advice and support to the various business units to ensure full compliance with the relevant Tax laws.

u2022 Responsible for the development and implementation of the relevant International Tax policies and procedures.

International Tax Compliance

u2022 Monitor and stay up to date with international tax laws, treaties, and regulations in relevant tax jurisdictions where ADD operates in.

u2022 Responsible for the International tax compliance process, including liaising with local tax teams to ensure all required international tax returns, including corporate income tax, withholding tax, value-added tax (VAT), and other country-specific taxes returns, payments and supporting documentation are complete and accurate, up to date, on file, and where required, submitted on time in collaboration with the local tax accountants.

u2022 Ensure compliance with various country-specific tax reporting requirements, including Transfer Pricing Documentation (Transfer Pricing Disclosure form, Master File and Local File) and Country-by-Country Reporting (CbCR).

u2022 Manage process to apply for preferential WHT rates and refunds as per the applicable tax treaty.

u2022 Track and monitor foreign taxes paid and mitigate impact of double taxation as applicable.

Transfer Pricing compliance and Documentation

u2022 Develop and implement transfer pricing policies that align with arm's length principles and meet the requirements of various tax jurisdictions.

u2022

Prepare and maintain UAE transfer pricing return & documentation (Disclosure form, Master File and Local File) to support intercompany pricing and comply with local transfer pricing regulations.

u2022

Monitor intercompany transactions to ensure consistency with transfer pricing policies.

u2022

Handle transfer pricing policy reviews with relevant business functions and external advisors to ensure timely updates to the transfer pricing policy and intercompany agreements as necessary depending on business developments.

u2022

Support the operational transfer pricing review of intercompany recharge cross-border recharges.

u2022

Support Advance Pricing Agreement application with support of external advisor where applicable.

u2022

Support Transfer Price Benchmarking as and when required.

International Tax Planning and Optimization:

u2022

Collaborate with cross-functional teams to develop international tax strategies that align with the company's global business objectives and minimize tax liabilities.

u2022

Analyze the tax implications of international business activities, mergers, acquisitions, and restructurings to optimize tax efficiency.

u2022

Identify tax planning opportunities such as tax credits, incentives, and tax-efficient repatriation.

Tax Treaty Analysis and Benefits

u2022

Analyze tax treaties between the relevant countries to determine the most advantageous tax treatments for cross-border transactions and activities.

u2022

Ensure that the company maximizes the benefits available under tax treaties to prevent double taxation and minimize tax costs.

u2022

Optimize foreign tax credits to avoid double taxation on foreign income and ensure compliance with foreign tax credit rules and limitations.

International Tax Risk Management and Internal Control

u2022

Establish and maintain robust internal controls to manage international tax risks and ensure compliance with tax laws.

u2022

Monitor potential international tax exposures and develop strategies to mitigate risks effectively.

Monitoring Local & International Tax Developments and Ensure Compliance

u2022 Monitor international tax and transfer pricing developments and provide relevant updates to relevant stakeholders in a timely manner.

u2022 Implement measures to ensure compliance with the OECD BEPS initiatives and country-specific anti-BEPS regulations.

Audits and Dispute Resolution

u2022 Support the team during transfer pricing audits conducted by Tax Authorities in the relevant tax jurisdictions.

u2022 Respond to transfer pricing inquiries and information requests from tax authorities promptly and accurately.

u2022 Engage in transfer pricing dispute resolution processes and defend the company's transfer pricing policies during audits and appeals.

u2022 Support local tax team with any information and documentation requests received from the Tax Authority conducting the Tax Audit on foreign jurisdiction tax compliance.

u2022 Ensure the implementation of remediation measures required to address applicable outcomes of Tax Authority audits or queries on foreign jurisdiction WHT, foreign jurisdiction Transfer Pricing and foreign jurisdiction direct tax.

Relationship Management

u2022 Develop and maintain effective business relationships with all relevant external/internal entities such as tax authorities, external tax advisors, financial regulators and government authorities etc with highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organization are delivered in the most effective manner.

u2022 Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards to define intelligent solutions for issues confronting the function.

Health, Safety, Environment (HSE) and Sustainability

u2022 Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices

Reports

u2022 Provide inputs to prepare Section MIS and progress reports for Company Management

u00A0

Minimum Requirements:

• Bacheloru2019s degree in finance, law or relevant discipline

u00A0

Minimum Experience & Knowledge & Skills

u00A0

• 8 years of relevant experience
• Experience in Big4 is preferred.
• Solid understanding of international tax laws, regulations, and transfer pricing concepts
• Excellent communication and interpersonal skills to work effectively within cross-functional teams and external partners.
• Ability to adapt to evolving international tax laws and regulations.
• Familiarity with global tax implications and tax treaties
• Practical understanding of tax touchpoints risk areas affecting general business workflows, processes, and operations processes.
• Strong analytical and problem-solving skills.
• Demonstrate good research skills.
• Good project management skills

u00A0