Pentire Associates is acting as a Recruitment Agent for this recruitment assignment.
Our client is the Sydney office of an International Investment and Wholesale Bank with a network of offices in the Asia Pacific region plus Europe and North America. We are looking for a Sydney based Tax Manager to come in to a newly developed role, in-depth experience of Australian Tax regulation is essential, the position also has regional tax responsibilities so if you do have experience of other APAC tax regimes that would be very welcome but not at all essential.
The Taxation Group is responsible for providing tax advisory and planning services in support of products and strategic business initiatives, as well as tax compliance services for group of companies worldwide. The UK, Europe, and Asia Pacific Taxation team will play a critical role in supporting the rapid growth of operations in the Asia-Pacific region, ensuring compliance with local tax regulations, mitigating risks, and providing strategic tax advisory services.
JOB PURPOSE
The Tax Manager, based in Sydney, will manage tax compliance and assist in providing advisory support across Australia, Hong Kong, Japan, Singapore, and mainland China. This role is essential to address the increasing complexities of tax regulations; compliance demands and mitigate risks in the Asia Pacific (APAC) region.
The role will also support the company's strategic growth initiatives in APAC, including business expansion and cross-border transactions, while ensuring adherence to local tax laws and regulations.
* Effectively help manage tax compliance and related issues for APAC group entities, with day-to-day responsibility for Tax Compliance matters across Asia Pacific.
* Assist with providing advice and support to wholesale capital markets business on live multi branch business opportunities in APAC and controlling tax risk via trading documentation. This will be in conjunction with Tax colleagues in overseas offices.
* Assist with provided support on APAC cross-border lending transactions.
KEY ACCOUNTABILITIES
* Oversight and management of the taxation compliance functions across APAC in conjunction with the UK Tax Team and external advisers including
* Australian consolidated Company Group and Australian Branch Corporation tax computation and returns including international dealings schedules
* Calculation and management of monthly Australian Corporation tax instalment payments
* Prepare monthly Australian BAS returns with instalment payments
* Review Australian FBT returns prepared by Finance colleagues and submission via external provider
* Australian regulatory returns: Annual investment income report, New South Wales Insurance Premium Tax reporting,
* Complete Singaporean GST returns and ensures that the company continues to meet the Singaporean Tax Authorities' requirements of the GST Assisted Compliance Assurance Programme (ACAP)
* Singapore Branch Corporation tax computation and return
* Japanese Branch Japanese tax computation and Return
* Japanese consumption tax returns
* Tax aspects of Australia, Singapore, Japan annual audits and reporting for statutory accounts
* Hong Kong Branch Corporation tax computation and returns including mainland China rep office inputs with emphasis on the CATA AOA calculation, tier two tax rate election
* Transfer pricing policies and requirements across APAC, including ever increasing transfer pricing documentation requirements to accompany Corporation Tax Returns and local tax transfer pricing files
* Ensure APAC Corporation Tax and Indirect Tax liabilities are settled within statutory deadlines
* Assist with delivering on APAC month end tax reporting requirements
* Ensure internal tax controls are operated effectively via robust governance frameworks to mitigate tax risks.
* Assist with strategic tax advisory for business expansion and cross-border transactions in APAC.
* Act as the primary point of contact on the ground for business stakeholders in the APAC region. Assist with maintaining a good relationship with the APAC tax authorities. Assist with advising on the tax implications of new products, services, and business initiatives for APAC operations.
* Support the development and implementation of internal governance tax APAC policies and procedures.
* Ensure compliance with OECD/G20 BEPS 2.0 measures, including Pillar 2 requirements for APAC region.
* Minimize errors in tax filings and reporting to avoid penalties and scrutiny from APAC tax authorities.
* Partner with the UK and regional partners to align global tax strategies and ensure consistency in compliance efforts.
* Collaborate with internal stakeholders, including APAC Legal, Finance, and Operations, to address tax-related matters.
* Ensure that roles, responsibilities, and accountabilities as regards taxation matters are defined and understood, with revisions as and when appropriate to reflect changes in the needs of the APAC businesses, regulators and legislation.
* Support the development and implementation of internal governance tax APAC policies and procedures.
* Provide training and guidance to non-tax specialists in APAC to enhance their understanding of tax regulations.
CROSS-FUNCTIONAL RELATIONSHIPS
Support the Wholesale bank; Capital Markets, Corporate Banking & Investment Banking as required. Assist Line Manager with APAC business management, operations, trading documentation and technology on initiatives. Partner and collaborate with APAC Legal on litigation as necessary.
KNOWLEDGE AND SKILLS REQUIRED
* Australian CA and/or Australian CTA with 5 or more years of industry tax experience or legally qualified with prior experience in accounting, finance or related field.
* Sound technical taxation and corporate planning knowledge and sound commercial sense.
* In-depth technical knowledge of Australian tax laws and regulations, in particular direct and indirect tax aspects of banking and financial services, thin capitalization and anti-hybrid rules in Australia.
* Management of tax planning and compliance issues with a proven track record in managing cross-border compliance for multinational organizations
* Knowledge of Hong Kong and Japanese tax laws and regulations would be very useful but not essential. Training provided if you do not have any previous experience of these territories.
* An understanding of equivalent laws, directives and regulations impacting the Bank's clients and operations in APAC and our regulators in order to effectively assist with policies and procedures for APAC.
* Knowledge of industry and market practices, products and services sufficient to analyze complex issues and developments and apply such knowledge to the Bank's own practices, products and services; reshaping the Bank's practices and procedures in order to align with and conform to industry norms. Collegiate participation in appropriate forums aimed at anticipatory and pre-emptive action to minimize risk of unnecessary Governmental, legal, or regulatory scrutiny.
* Results-oriented, self-motivated, proactive and proven ability to work independently.
* Focused, thorough, and disciplined in approach.
* Decisive, confident, and comfortable working closely with and collaborating with business partners.
* Excellent communication skills; able to translate technical guidance into business terms and implications.
* Advanced problem-solving skills leading to practical solutions on a broad range of matters.
This team works four days a week in the office and one from home.
Please note that you must be have an automatic right to work in Australia to be considered for this job. This employer will not consider any applications that require sponsorship.