Direct Tax Specialist

Job description

The world leader in cosmetics, L’Oréal is present in 150 countries on five continents. Our 34 international brands have allowed us to devote ourselves solely to one business: beauty, with a mission to provide the best in cosmetics innovation to all women and men globally. Our ambition by 2020 is to win over another one billion consumers around the world by inventing the cosmetic products that meet the infinite diversity of their needs and desires through continued digital innovation. L’Oréal supports diversity and sustainable, ethical sourcing for all our products and we have reduced our emissions by approx. 50% since 2005.

The DNA of L’Oréal is Innovation and we are driven by a real passion for the future. Our Research and Innovation Centres in India are the sixth innovation hub for L’Oréal worldwide to fuel local market innovations. In our quest to win the next billion consumers, we are looking for talented individuals who can lead us on this mission.

Would you like to be a part of the adventure?

We have a suitable opportunity in the Corporate division for the position of Direct Tax Specialist . In this individual contributor role, you will be responsible for supporting direct tax compliances, reporting and litigation. You must have 2+ years of professional experience in Direct Tax function of Global MNC or Top Chartered Accountant firms.The location of the job will be in Mumbai.

Key Responsibilities:

Tax Compliances & Reporting:

·  Calculations of Current Tax, Deferred Tax, Effective Tax Rate Reconciliations, Tax Questionnaires, Contingent Liability,Fluctuation analysis on quarterly basis
·  Responsible for preparation and submission of Tax audits
·  Preparation and submission of Annual Income Tax and Transfer Pricing declarations
·  Preparation of Quarterly Advance Tax Computations
·  Withholding tax (TDS) compliances for domestic and international transactions
·  Responsible for changes in Tax reporting tools, reports in SAP and Business Warehouse tools facilitating data collation for tax compliance, reporting and litigation
·  Responsible for monitoring tax expense and tax accounts balances in the financial statements
·  Responsible for Physical and Digital Tax Records Management
·  Support in Annual Transfer Pricing documentation
·  Support in finalization of Related Party Disclosures for Statutory Accounts

Tax Litigation:

·  Representation before Income Tax Assessment & Appellate Authorities
·  Drafting of submissions and collating details for Income tax (including Transfer Pricing) proceedings
·  Preparing submission, defense files, notes and documentation in support of present and upcoming assessments
·  Maintaining updated status of the pending litigations and accounting the implications of tax orders on ongoing basis

Key Deliverables:

·  Correct and Timely Tax Compliances
·  Timely Response to Internal and External Stakeholders

Key Competencies:

·  Strong understanding of Income Tax Regulations, Tax Treaties, OECD guidelines, etc.
·  Good Understanding of Financial statements
·  Expert knowledge of Microsoft Office, SAP and tax compliance software
·  Efficient Tax documentation Management skills
·  Highly effective communication, co-ordination and follow-up skills
·  Strong business analytical, numerical, operational and execution skills

Key Relationships:

·  Internal Interactions – Accounts, Controlling, Marketing, Operations, etc.
·  External Interactions – Tax Authorities, Tax Consultants, Lawyers, Auditors, etc.

Physical Demands (e.g. % travel):

·  Travel will be need based

Education:

·  Chartered Accountant and Bachelor’s degree in commerce with 2+ years strong technical experience in Income Tax

L’Oréal is committed to building a diverse environment and is proud to be an equal opportunity employer. L’Oréal closely prohibits discrimination against any employee or applicant for employment because of the individual’s race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability or any other characteristic protected by law.