Job description / Role
Ghobash Trading & Investment is now looking to hire Assistnat Manager- Taxation & Compliance
• Follow up on Tax compliance and issues in all the group companies covering UAE, Saudi, Oman, Kuwait, Kenya, India & Indonesia.
• Provide guidance and assistance to the Finance Managers over a broad range of tax matters, focusing on tax accounting and tax compliance (including VAT, Withholding Tax, Corporate taxes and employment taxes) and transfer pricing.
• Implementation of new IFRS standards
• Follow up on all Internal & External Audit recommendations with group companies
1- VAT Compliance
a) Contribute to the development and implementation of VAT policies, principles, processes and procedures in each of the Countries where the Group operates
b) Identify and mitigate tax risks.
c) Determine the VAT compliance implications associated with various business initiatives/proposals
d) Assist in the development and implementation of tax saving strategies
e) Oversee and coordinate with the Finance Managers of the business units (BUs) on the following:
i. Review of VAT returns and other VAT reports for timely submission of returns to the Federal Tax Authority
ii. Overall compliance with the VAT laws and regulations
iii. Submission of the reporting requirements related to VAT audits to external auditors and Federal Tax Authority
f) Provide periodic training and mentorship to finance, supply chain and other relevant departments in regards to VAT implementation, documentation and compliance
g) Work with the Oracle IT team to identify automated solutions to the compliance process and support implementation
h) Drive and implement changes required for VAT compliance processes as a result of changes in VAT legislation
i) To act as the single point of contact for all VAT-related activities
j) Seek clarification on tax laws from Tax Advisors as and when required
2- Corporate Tax Compliance
a) Follow up on the timely submission of annual tax returns & tax assessments of Companies located in Countries where Corporate Taxes apply
b) Implement and maintain transfer pricing policies and agreements with foreign subsidiaries
a) Assist the GFC in building and managing corporate banking relationships
b) Review of all banking facilities documentation prior to signatures of authorized signatories and maintenance of all updated documentation
c) Ensure appropriate utilization of facilities in each of the group companies
d) Monitor group fund position on a daily basis
e) Monitor compliance with Group policies pertaining to Banking and Cash Transactions in all group companies
f) Maintain database of all bank accounts of all group companies, authorized signatories, online banking platforms
4 – IFRS Compliance
a) Timely implementation of new IFRS
b) Provide required guidance to the finance teams across companies on IFRS
c) Ensure compliance with IFRS in all entities
d) Review of all draft audited financials
5 – Internal Control
a) Follow up on implementation of all control issues highlighted in internal audit reports of all group companies
b) Review on a monthly basis compliance with closing procedures in each of the group companies
c) Monitor compliance with periodic requirements of the Group Policies
6 – Miscellaneous
Ensure timely completion of tasks as required by GFC
Educational Qualification Requirements:
Professional qualification such as CA/ACCA/CPA. Tax qualification is an advantage.
Well versed with Tax laws
Skills & Attributes:
Excellent written and oral communication; must have the ability to partner and communicate well at all levels within the organization
Should exhibit strong analytical skills, structured and accurate
Ability to see the big picture and provide support to the GFC, but also be hands on and willing to get involved in the detail where necessary
Expert in Microsoft Excel
Expert in Oracle ERP application
Good working knowledge of PowerPoint
A minimum of 8-12 years of relevant experience. Tax experience in Big 4 or industry is an advantage.
Strong technical awareness of global indirect tax issues; understanding of key indirect tax processes and data drivers
About the Company
Incepted in the late 70's, Ghobash Group has become one of the resilient business conglomerates in UAE. The privately-owned group has expanded to geographies across the Middle East, Asia, Africa and Europe through its diversified business arms.
Focused on growth through value-creation, Ghobash Group has advanced with successful milestones over the years in its business industries: Technology, Chemicals, Engineering, Oil & Gas, Water, Energy, Pharmaceutical, Retail, Trading and Real Estate.
CNS, GCG Office Imaging, Tawazon Chemical, E&I Emirates, GCG Engineering Services, Arabian Ethicals, Ataya Fashion, Prime Hospitality, and Makeen Properties. The Group has also formed Joint Ventures over the years such as Sahara Center sustaining its momentum of successful milestones throughout the years.
Sustainability, innovation, diversification, and ownership are amongst the key values the Group has been practicing for decades. Working with partners, who share the same values, the Group has added value throughout the years through profitable investment opportunities in both the private and public sectors.
In depth experience, combined with a granular knowledge of the regional economy, enables Ghobash Group to identify, and provide access to the best business opportunities across the region.
Committed to diversified growth, Ghobash Group is headquartered in the United Arab Emirates and services through its offices and factories in Saudi Arabia, Oman, India, Iraq, and Africa.
The Group values its people as family and its customers as long term partners. Embracing excellence yet keeping it personal is a key strength of the Group which is a characteristic that has not faded since its inception.
Driving success through its people and partners, with its diverse business arm, Ghobash group aims to continue to grow adding value with every opportunity, every transaction, every employee life, every partner business, every community across varied geographies.
Together we make a difference.