Purpose Ensure proper discharging of PETRONAS Group's direct/indirect tax and its corporate obligations and responsibilities through
1. Analyse, plan and implement tax technical aspect in driving the respective business portfolio's direct/indirect tax planning and advisory, reporting, compliance and standardization functions to support tax operations for both domestic and international operations across the PETRONAS.
2. Safeguarding respective business's interest against tax risk exposures by ensuring tax reporting, tax queries, and tax audits are efficiently and effectively managed and submitted within the statutory deadline, provide technical feedback and impact assessments to the businesses involved and assists business in overcoming technical issues in all direct/indirect tax areas to safeguard PETRONAS' reputation and integrity through ensuring proper adherence and implementation of respective business portfolio's direct/indirect tax obligations.
3. Plan and execute the technical advisory in driving the transfer pricing functions to meet the external and internal stakeholders' requirements including compliance of transfer pricing requirements
4. Prepare, plan and execute Tax Records Management System and analyze Tax Records compliance to facilitate embedment of a sustainable records availability assurance culture and execute reporting to ensure compliance of Tax regulations and requirement.
5. Plan and execute the development of corporate withholding tax compliance functions to ensure that PETRONAS' tax reporting and procedures comply to the legislation.
Accountabilities Tax Advisory & Planning Support the tax advisory function of the respective business portfolio's tax planning strategies for both domestic and international operations to ensure all elements of the tax and financial strategies are properly applied to reduce the overall direct/indirect tax cost of the Group, as well as providing technical advice and highlight potential tax implications on divestiture/ merger & acquisition during tax due diligence to protect PETRONAS shareholders' interest. Tax Risk Management and Operational Excellence Prepare and execute the technical appropriateness and justification of respective business portfolio in all international and domestic direct/indirect taxes audits, tax appeal, tax dispute management to minimize tax exposure to PETRONAS. Plan and execute robust work process management and improvement to facilitate respective business portfolios in achieving efficient tax risk management and improvement of tax reporting compliance process with the objective to manage tax risk mitigation intervention and enhance data quality and manage the tax record activities to drive sustainability of record management at business level in achieving optimal discharging of PETRONAS Group's tax obligations. Tax Compliance, Reporting and Analysis Prepare and execute the management of respective business portfolio's direct/indirect tax statutory obligation, compliance and reporting, technical evaluation and analysis functions in strategizing the appropriate tax treatment ensuring technical justification to support tax return, payment, refund in all international and domestic, to minimize tax exposure based on tax legislation, and for tax efficiency and stability of PETRONAS. Prepare and execute technical assessments in Transfer Pricing (TP) and Country by Country (CBCR) reporting activities and monitor the implementation of various TP policies with respect to price setting, profit margins, treatment of various related party transactions to ensure every PETRONAS entity (both international and domestic) meets the stipulated conditions for the preparation of TP documentation. #J-18808-Ljbffr
