At Bayer we’re visionaries, driven to solve the world’s toughest challenges and striving for a world where ,Health for all, Hunger for none’ is no longer a dream, but a real possibility. We’re doing it with energy, curiosity and sheer dedication, always learning from unique perspectives of those around us, expanding our thinking, growing our capabilities and redefining ‘impossible’. There are so many reasons to join us. If you’re hungry to build a varied and meaningful career in a community of brilliant and diverse minds to make a real difference, there’s only one choice.
Direct Tax Operation
POSITION PURPOSE:
Responsible for compilation of Direct Tax operational activities for Bayer
Withholding Tax (TDS) Compliance- Monthly calculation and payment, Quarterly return filing, issuance of certificates and vendor query resolutionCompliances in respect of foreign remittances in respect of withholding tax deductions and declarations i.e Form 15CA. Computation of Current Tax & Deferred Tax provision on quarterly basis and Computation of Effective Tax Rate (ETR) and expected tax cash outflows in compliance with applicable tax laws, internal Guidelines and judicial pronouncements. Preparation of Tax Audit report, Return of Income and on annual basis in accordance with the requirement of tax laws. Compile details for Direct Tax assessment & litigation by providing accounting related information.
YOUR TASK AND RESPONSIBILITIES:
Withholding Tax (TDS) Compliance- Monthly calculation and payment, Quarterly return filing, issuance of certificates and vendor query resolution. Authentication of Form No. I5CA for foreign remittance, automation of tax operational activities processes, reconciliation of TDS certificates received with online tax credit statement, preparation of backup files for tax assessments, maintenance of tax payment records, Review of General ledgers and updation of books with respect to direct taxComputation of Current Tax & Deferred Tax provision on quarterly basis for Statutory Local accounts and Foreign accounts in compliance with applicable tax laws, Bayer AG’s BKA Guidelines and judicial pronouncements. Computation of Effective Tax Rate (ETR) and expected tax cash outflows on quarterly basis in accordance with Tax Forecast requirement of Bayer AG’s tax team. Preparation of Tax Audit report, Return of Income and Form 3CEB on annual basis in accordance with the requirement of Indian Income Tax Act, 1961 read with Income Tax Rules, 1962.Computation & online payment of Advance Income Tax as per applicable tax laws and finalization of computation of tax and underlying workings. Compilation, preparation and co-ordination for details required for Income Tax Assessment & Appellate proceedings.
WHO YOU ARE:
Qualifications & Experience
Accountant with minimum 2-3 years’ experience in handling tax accounting functions of a Multinational Company (preferably Chartered Accountant).
Skills and Knowledge:
Knowledge of compliance requirements as per Income Tax Act, Accounting Standards & IFRS (related to Direct & Deferred Tax).Knowledge of TDS compliance software like TRACES, RUP Generation software, Taxmann, Tax Pro, etc. Knowledge of SAP. Effective oral and written communication skills
Bayer does not charge any fees whatsoever for recruitment process. Please do not entertain such demand for payment by any individuals / entities in connection with recruitment with any Bayer Group entity(ies) worldwide under any pretext.
Please don’t rely upon any unsolicited email from email addresses not ending with domain name “bayer.com” or job advertisements referring you to an email address that does not end with “bayer.com”. For checking the authenticity of such emails or advertisement you may approach us at HROP_INDIA@BAYER.COM.
Bayer is an equal opportunity employer that strongly values fairness and respect at work. We welcome applications from all individuals, regardless of race, religion, gender, age, physical characteristics, disability, sexual orientation etc. We are committed to treating all applicants fairly and avoiding discrimination.
Location:India : Maharashtra : Thane Division:Enabling Functions Reference Code:837544 Contact Us + 022-25311234