Tax Manager

1 week ago


Dubai, Dubai, United Arab Emirates Gmsinc Full time

Dubai, United Arab Emirates | Posted on 11/30/2023

Established in 1992 in U.S.A with current global Head Quarters in Dubai (UAE) andpresence in nine different countries, GMS is the world's LARGEST Buyer of ships and offshorevessels for recycling. The group has expanded and diversified in to ship ownership, cruising,sports, real estate, and other sectors.

  • Manage tax compliance process for thegroup, including preparing and reviewing tax returns (corporate, VAT, and otherapplicable taxes), ensuring accuracy, and adhering to all filing deadlines.This will include (but not be limited to) taxation within the UAE and the US. ∙
  • Carrying out detailed computations fortax liability, reporting and presentations to external tax accountants.
  • Researching, analyzing andinterpreting changing tax legislation in the USA, UAE, Greece, Korea, Germany andother jurisdictions (including offshore)
  • Advise Management & Owns regardingthe tax implications of financing, joint ventures, tax-exempt organizations,taxation of compensation, estates, and gifts, and the U.S. taxation ofinternational transactions
  • Estate planning and advising on taxresidence and domicile matters for the Company's Owners
  • Review of contracts to advise on theUS Tax implications
  • Monitor legislative developments andadvise Management & Owners with respect to the potential impact of pendinglegislation on their businesses and their personal finances.
  • Coordinate with tax consultants andadvisors for the successful completion of the annual tax filings and other taxplanning & restructuring projects
  • Responsible for researching,reviewing, analyzing, and recommending tax strategies in the UAE, USA, Europe andother jurisdictions where the company operates.
  • Conduct monthly tax reviews of taxregisters and reconciliations for both the parent company and subsidiaries
  • Perform quarterly internal audits andcompliance checks on tax ledgers for all group companies, identifying gaps andaddressing them
  • Keep abreast of tax rules andregulations for all relevant jurisdictions and provide regular updates tomanagement
  • Advise on optimal tax structuring fornew investments made by the Group both locally and internationally
  • Deliver updates/ training sessions tothe business units to ensure ongoing compliance and upskilling of the team
  • Establish, monitor, and communicateinternal tax policies and procedures to ensure appropriate documentation andinternal controls to minimize tax risks and liabilities.
  • Liaise with tax authorities wererequired to resolve queries / ensure compliance
  • Where applicable, set up transferpricing documentation after conducting interviews and collecting information aboutall entities.
  • Review of all intra group transactionsand advise thereon
  • Develop and implement various policiesand solutions to optimize the tax functions and bring tax efficiency / savingswherever possible
  • Support the wider finance team withother financial work-streams as required
Requirements
  • CTA / ACCA / CA (CTA preferred)
  • A demonstrated track record with a minimum of 10 years' experience in tax, whether in anadvisory capacity or within multinational organizations
  • Specific experience of US tax for overseas individuals/companies is essential (GILTI,controlled foreign corporations)
  • In-depth knowledge of UAE tax laws and regulations.
  • Proven leadership in successfully implementing tax strategies in various entities andorganizations, including CIT and VAT implementations
  • Familiarity with tax portals, tax systems, and ERP systems;∙ Strong analytical and problem-solving skills. ∙Excellent communication and interpersonal skills.
  • Ability to work independently and as part of a team.
  • Proactive approach in anticipating and identifying tax planning opportunities

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