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Objectives of the Position
This position plays the role of subject matter expert and process owner, key contact point for internal and external stakeholders for tax planning/ advisory, compliance and reporting for BASF legal entities located in Malaysia and Singapore.
The position is to also ensure effective and efficient tax operations and compliance leveraging on ERP system and evolving advance technology. Support project implementation by contributing tax advisory or process/ system design.
Main Tasks
Tax Compliance and Reporting
Timely submission of reports to relevant internal stakeholders and external authorities.
Ensure the procedures and processes fully meet the relevant requirements.
Work with the business to ensure adequate compliance and effective controls.
Corporate tax reporting & filing
Manages the existing tax incentives reporting and compliance requirements.
Ensure useful life for different asset classes are maintained according to Tax Laws, public rulings, guidelines etc.
Indirect Taxes
Ensure the criteria and reporting requirements for Indirect Taxes are met.
Withholding tax and Double Taxation Agreement ("DTA")
Ensure compliance especially for intercompany services and billings.
Filing and settlement of withholding tax with tax authority.
Inter-Company Transfer Pricing ("ICTP")
Preserve and improve the current local transfer pricing documentation in accordance with the BEPS standards and local tax legislation.
Ensure proper and sufficient ICTP supporting documentation.
Support RBUs and local business groups in determining the correct inter-company transfer price.
Advise on transfer pricing issues with the support from Global ICTP Office.
Support Global ICTP office on Country-by-Country Reporting ("CBCR") reporting.
Internal tax reporting & Statutory disclosure
Review and ensure accuracy and timely submission of monthly/ quarterly tax provisions and deferred tax recognition.
Review and ensure accuracy of tax disclosure in the statutory reports.
Efficient Finance processes and system
Establish and maintain effective systems and controls that meet Financial & Tax reporting compliance requirements.
Challenge status quo, champion process improvement and simplification, lead in benchmarking operational efficiency.
Business Partnering
Pro-actively engage stakeholders and provide insight on financial related topics including advice on local tax regulations & incentives that may impact the companies' operations and profitability.
As business partner, support commercial decisions by providing tax advice and information as well as supporting the applications for commercial & tax related incentives.
Add value by acquiring broad knowledge of BASF businesses in performing the business partner role.
Monitor development in tax legislations and provide timely updates to management and business in response to business risk associated with tax legislation changes.
Others
Support and participate in the implementation of functional and operational projects/ assignments, business integration, etc as and when required.
Proactively make suggestions to improve process efficiency for tax compliance and risk management related processes (i.e. digitalization/ automation of tax compliance and risk management processes etc).
Lead external audits and negotiations with government jurisdictions to ensure compliance and drive low incidents of finding.
To lead and support in tax projects due to the changes in business operations and tax laws.
To review and comment on contracts – ensure that tax related clauses are inputted precisely and tax risk is managed or minimized.
Stabilisation and development of MYSG tax platforms operations.
Key contact/ counterpart for Global Tax Department, coordinate & support tax queries/ audits requests from other BASF companies.
Requirements
Education:
Degree in Accounting or equivalent recognized professional accounting qualification.
Working Experience:
Minimum 15 years of relevant corporate tax experience with a big 4 firm, medium or large corporations, preferably in a manufacturing environment.
Technical & Professional Knowledge:
Experienced in leading a team.
Proficient in Malaysia's corporate tax, Indirect Taxes, Transfer Pricing knowledge and accounting principles/ Financial Reporting Standards.
Good knowledge of SAP and Microsoft applications (i.e. Excel, Word & PowerPoint).
Other Qualifications and Requirement (Soft Skills required):
Dynamic and able to work independently.
Effective interpersonal and communication skills.
At BASF you get more than just compensation. Our total offer includes a wide range of elements you need to be your best in every stage of your life. That's what we call you@BASF. Click here to learn more.
For BASF, diversity is one of the essential keys to business success and the well-being of our employees. We promote an inclusive culture that accepts the diversity of people, experiences and capabilities. By embracing talents and abilities of all kinds, we aim to boost creativity and motivation, and enhance our teams' performance.
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