Job Purpose
Responsible for leading the Bank's tax compliance (Direct and Indirect) and planning efforts, and to ensure that the Bank aligns with all applicable tax regulations and guidelines overseeing and managing all aspects of corporate tax planning and compliance
Principal Accountabilities
- Review and interpret Direct and indirect tax laws and regulations, and provide guidance to senior management to ensure compliance with current tax laws.
- Develop and implement tax planning strategies in conjunction with senior management to minimize the Bank’s tax liability while ensuring compliance with all applicable laws and regulations.
- Overseeing the preparation and filing of various tax returns and reports for the bank, including VAT, corporate tax, and withholding tax returns
- Monitoring tax law changes and ensuring the bank adapts to any new regulations or changes in tax law
- Working collaboratively with finance and other departments to ensure accurate reporting and compliance
- Advising senior management on tax implications of business decisions and strategically planning to minimize tax liability
- Engaging with external tax advisors as needed to provide guidance, develop strategies and ensure compliance
- Collaborating with different departments and identifying potential tax savings opportunities
- Stay up-to-date on changes to tax laws and regulations that may affect the company's tax liability, and communicate changes to senior management in a timely manner.
- Manage and oversee relationships with external auditors and various tax authorities on tax related issues
- Keep update policy & procedure manuals relating to Direct & indirect taxation.
Experience & Qualifications
- Bachelor's degree in any relevant fields
- Accounting qualification ACA, ACMA, ACCA
- Minimum 10 years of experience in handling Direct & Indirect Taxation of a commercial bank including at least 5 year experience with a Dubai/Sharjah/Abu Dhabi based bank or external tax advisory firm.
- Effective communication skills in English and Arabic
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