Head - Taxation - NBFC (14-21 yrs)

Position Overview: The Head of Taxation is responsible for overseeing and managing all tax-related activities for the Non-Banking Financial Company (NBFC). The role involves ensuring compliance with tax regulations, tax planning, reporting, and optimizing the tax strategy of the company. The Head of Taxation will lead the tax team, liaise with regulatory bodies, and ensure that all tax matters are managed effectively and in accordance with local and international tax laws.

Key Responsibilities:

Tax Compliance & Reporting:

- Oversee and ensure timely filing of all tax returns, including GST, TDS, income tax, transfer pricing, etc.

- Ensure compliance with the tax provisions under the Income Tax Act, Goods and Services Tax (GST) Act, and other relevant tax laws applicable to the NBFC sector.

- Manage and oversee the preparation of tax filings and periodic reports to regulatory authorities.

- Ensure proper documentation and reporting for all tax-related matters.

Tax Planning & Strategy:

- Develop and implement tax strategies to minimize the tax liability of the company while maintaining compliance with applicable laws.

- Analyze the financial structure of the organization and advise on tax-efficient structuring for business transactions.

- Lead efforts to identify and capitalize on tax-saving opportunities and incentives under various tax laws.

- Collaborate with senior management to ensure alignment of tax strategies with overall business objectives.

Tax Risk Management:

- Identify and manage tax risks, ensuring the company's tax position is defensible in case of audits or legal challenges.

- Monitor changes in tax laws and regulations and assess their impact on the company's operations.

- Liaise with external auditors and tax consultants to ensure compliance and resolve tax issues.

Internal Controls & Audits:

- Ensure robust internal controls are in place to monitor tax-related activities.

- Lead internal tax audits to ensure compliance with tax laws.

- Collaborate with external auditors during annual audits and ensure proper tax-related documentation is maintained.

Team Leadership & Development:

- Lead and manage a team of tax professionals, providing guidance, training, and development.

- Foster a collaborative work environment and ensure team efficiency in handling complex tax matters.

- Ensure the team stays updated with the latest changes in tax laws and regulations.

Liaison with Regulatory Authorities:

- Act as the primary contact for tax-related queries and audits by the tax authorities.

- Manage disputes and litigation related to tax matters, collaborating with external legal advisors when necessary.

- Represent the organization in front of tax authorities and participate in negotiations on tax matters.

Tax Compliance for Financial Products:

- Ensure tax compliance for various financial products offered by the NBFC, including loans, insurance, investment products, etc.

- Advise on tax implications of new product offerings or business ventures.

- Advisory & Stakeholder Communication:

- Provide tax advisory services to senior management and business heads.

- Communicate complex tax matters effectively to non-tax professionals and stakeholders in the organization.