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Assistant Manager

ITC Limited
Full-time
On-site
Kolkata, West Bengal, India

We are seeking a detail -oriented Direct Tax Professional to join our dynamic tax team. This role will involve overseeing and managing direct tax matters, with a focus on withholding taxes, tax audits and tax technology. The ideal candidate will possess a strong understanding of tax compliance, regulations, and technology, and will play a key role in ensuring withholding tax compliance within the organization.<\/span>
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§  <\/span><\/span><\/span>Key Responsibilities<\/span><\/u><\/b>
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1.    <\/span><\/span><\/span>Withholding Taxes:<\/span><\/u><\/b>
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o   <\/span><\/span><\/span>Oversee the calculation, compliance, and reporting of withholding taxes on various payments, including domestic and international transactions.<\/span>
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o   <\/span><\/span><\/span>Ensure timely and accurate withholding tax filings and remittances in accordance with local and international tax laws.<\/span>
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o   <\/span><\/span><\/span>Advise internal stakeholders on withholding tax implications for cross -border transactions, including the application of tax treaties and exemptions.<\/span>
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o   <\/span><\/span><\/span>Review contracts, payment terms, and vendor relationships to ensure proper withholding tax treatment.<\/span>
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2.    <\/span><\/span><\/span>Tax Audit:<\/span><\/u><\/b>
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o   <\/span><\/span><\/span>Support the preparation for and management of direct tax audits, liaising with tax authorities and external auditors.<\/span>
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o   <\/span><\/span><\/span>Respond to tax authority inquiries and manage the submission of relevant documentation for audits and tax reviews.<\/span>
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o   <\/span><\/span><\/span>Proactively identify areas for improvement in compliance and risk management in response to audit findings.<\/span>
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o   <\/span><\/span><\/span>Coordinate with legal and accounting teams to ensure appropriate documentation and records are maintained for audit purposes.<\/span>
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3.    <\/span><\/span><\/span>Additional Responsibilities:<\/span><\/u><\/b>
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o   <\/span><\/span><\/span>Monitor changes in tax laws, regulations, and judicial rulings affecting withholding taxes, direct taxes, and tax audits, and ensure company policies remain compliant.<\/span>
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o   <\/span><\/span><\/span>Collaborate with internal stakeholders to ensure seamless tax compliance and planning.<\/span>
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o  <\/span><\/span><\/span>Prepare and review direct tax filings, ensuring timely submission and accuracy of information.<\/span>
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o   <\/span><\/span><\/span>Assist in tax planning initiatives to optimize the company’s overall tax position.<\/span>
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o   <\/span><\/span><\/span>Provide guidance and training to junior staff on tax processes and compliance matters.<\/span>
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o   <\/span><\/span><\/span>Evaluate emerging technologies to improve the tax function, focusing on automation, data accuracy, and efficiency.<\/span>
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Requirements<\/h3>

o   <\/span><\/span><\/span><\/span><\/span>Education<\/span><\/span><\/b>
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Cost Accountant<\/span><\/span>
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o   <\/span><\/span><\/span><\/span><\/span>Experience<\/span><\/span><\/b>
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2 to 3 years of experience in direct tax role, with a focus on withholding taxes. <\/span><\/span>
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o   <\/span><\/span><\/span><\/span><\/span>Skills<\/span><\/span><\/b>
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ü  <\/span><\/span><\/span><\/span><\/span>Strong analytical and problem -solving skills.<\/span><\/span>
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ü  <\/span><\/span><\/span><\/span><\/span>Ability to read & interpret various commercial Legislation, Case Laws<\/span><\/span>
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ü  <\/span><\/span><\/span><\/span><\/span>Effective communication and interpersonal skills, with the ability to influence stakeholders at all levels.<\/span><\/span>
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ü  <\/span><\/span><\/span><\/span><\/span>Strong attention to detail and ability to interpret complex tax regulations<\/span><\/span>
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ü  <\/span><\/span><\/span><\/span><\/span>Ability to manage multiple projects and meet deadlines in a fast -paced environment<\/span><\/span>
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ü  <\/span><\/span><\/span><\/span><\/span>Familiarity with emerging technologies in tax (e.g., automation, AI, RPA etc.).<\/span><\/span>
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