Objectives of the Position

This position plays the role of subject matter expert and process owner, key contact point for internal and external stakeholders for tax planning/ advisory, compliance and reporting for BASF legal entities located in Malaysia and Singapore.

The position is to also ensure effective and efficient tax operations and compliance leveraging on ERP system and evolving advance technology.  Support project implementation by contributing tax advisory or process/ system design.

 

 Main Tasks

 Tax Compliance and Reporting

Timely submission of reports to relevant internal stakeholders and external authorities.Ensure the procedures and processes fully meet the relevant requirements.Work with the business to ensure adequate compliance and effective controls

Corporate tax reporting & filing

Manages the existing tax incentives reporting and compliance requirementsEnsure useful life for different asset classes are maintained according to Tax Laws, public rulings, guidelines etc

Indirect Taxes

​​​​​​​​Ensure the criteria and reporting requirements for Indirect Taxes are met;​​​​​​​​​​​​​​

​​​​​​​Withholding tax and Double Taxation Agreement (“DTA”)​​​​​​​

Ensure compliance especially for intercompany services and billings;Filing and settlement of withholding tax with tax authority

​​​​​​​​​​​​​​​​​​​​​Inter-Company Transfer Pricing (“ICTP”)

Preserve and improve the current local transfer pricing documentation in accordance with the BEPS standards and local tax legislationEnsure proper and sufficient ICTP supporting documentationSupport RBUs and local business groups in determining the correct inter-company transfer priceAdvise on transfer pricing issues with the support from Global ICTP OfficeSupport Global ICTP office on Country-by-Country Reporting (“CBCR”) reporting

​​​​​​​Internal tax reporting & Statutory disclosure 

Review and ensure accuracy and timely submission of monthly/ quarterly tax provisions and deferred tax recognition Review and ensure accuracy of tax disclosure in the statutory reports
 

 

Efficient Finance processes and system

Establish and maintain effective systems and controls that meet Financial & Tax reporting compliance requirements.Challenge status quo, champions process improvement and simplification, leads in benchmarking operational efficiency.​​​​​​​

Business Partnering

Pro-actively engage stake holders and provides insight on financial related topics including advice on local tax regulations & incentives that may impact the companies' operations and profitability;As business partner, support commercial decisions by providing tax advice and information as well as supporting the applications for commercial & tax related incentives;Add value by acquiring broad knowledge of BASF businesses in performing the business partner role.Monitoring development in tax legislations and provide timely update to management and business in response to business risk associated to tax legislation changes.​​​​​​​

 

Others

Support and participate in the implementation of functional and operational projects/ assignments, business integration, etc as and when required;Proactively make suggestion to improve process efficiency for tax compliance and risk management related processes (i.e. digitalization/ automation of tax compliance and risk management processes etc). Leads external audits and negotiations with government jurisdictions to ensure compliance and drive low incidents of finding.To lead and support in tax projects due to the changes in business operations and tax lawsTo review and comment contracts – ensure that tax related clause are inputted precisely and tax risk is managed or minimizedStabilisation and development of MYSG tax platforms operationsKey contact/ counterpart for Global Tax Department, coordinate & support tax queries/ audits requests from other BASF companies.

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Requirements
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Education:

Degree in Accounting or equivalent recognize professional accounting qualification. 

Working Experience:

Minimum 15 years of relevant corporate tax experience with a big 4 firm, medium or large corporations, preferably in a manufacturing environment

Technical & Professional Knowledge:

Experienced in leading a teamProficient in Malaysia's corporate tax, Indirect Taxes, Transfer Pricing knowledge and accounting principles/ Financial Reporting Standards Good knowledge of SAP and Microsoft applications (i.e. Excel, Word & Powerpont)Other Qualifications and Requirement (Soft Skills required)Dynamic and able to work independentlyEffective interpersonal and communication skillProfessional & passionate​​​​​​​