Hello Visionary!
We empower our people to stay resilient and relevant in a constantly changing world. We’re looking for people who are always searching for creative ways to grow and learn. People who want to make a real impact, now and in the future. Does that sound like you? Then it seems like you’d make a great addition to our vibrant international team.
We provide extensive high-quality and cost-efficient Purchase-to-Pay services from purchasing to the processing of outgoing payments.
We work with a strongly integrated system and a highly automated purchasing process
Our customers receive state-of-the-art, easy-to-use Purchase-to-Pay (P2P) services. We deliver maximum value to the business by driving P2P optimization and digitalization using our entrepreneurial approach, and we support our customers’ current and future business requirements with the help of our high level of process and automation competency.
Position Overview:
We are seeking a highly motivated and detail-oriented Associate to join our team as a US Supplier Tax Monitoring specialist. The successful candidate will be responsible for monitoring and ensuring compliance with US tax regulations related to Form 1042 and Form 1099 reporting for our suppliers. This role plays a critical part in maintaining accurate and timely tax reporting, ensuring the company's adherence to tax laws, and mitigating potential risks related to tax compliance.
You’ll make a difference by:
1.Form 1042 Monitoring:
·Review and validate withholding tax documentation provided by suppliers in accordance with IRS guidelines.
·Collaborate with relevant teams to obtain missing or incomplete information from suppliers to ensure accurate reporting.
·Maintain accurate records of withholding tax documentation and transactions.
2.Form 1099 Reporting:
·Oversee the gathering and verification of relevant vendor information to complete Form 1099 reporting accurately.
·Ensure that all reportable payments made to US suppliers are appropriately classified and documented.
·Work with internal stakeholders to resolve any discrepancies in vendor information and payments.
3.Compliance and Reporting:
·Stay up to date with changes in US tax regulations related to Forms 1042 and 1099, ensuring the company's processes remain compliant.
·Prepare and submit tax reports to the appropriate tax authorities within designated deadlines.
·Assist with responding to tax-related inquiries and audits from tax authorities, as required.
4.Communication and Collaboration:
·Collaborate closely with cross-functional teams such as finance, accounting, legal, and procurement to address tax-related issues promptly.
·Provide guidance and training to internal teams on tax compliance requirements and best practices.
5.Process Improvement:
·Identify opportunities for process improvements to enhance efficiency and accuracy in tax monitoring and reporting.
·Implement best practices and automation tools where applicable to streamline tax-related processes.
Your success is grounded in:
·Bachelor's degree in accounting, finance, or a related field. ( CA or Inter preferred)
·Relevant experience in US tax compliance and reporting, with Form 1042 and Form 1099 would be added advantage.
·Thorough knowledge of US tax laws, regulations, and reporting requirements for US suppliers.
·Strong analytical skills and attention to detail, with the ability to identify and resolve discrepancies.
·Excellent communication and interpersonal skills to collaborate effectively with various internal and external stakeholders.
·Proficiency in using tax reporting software and MS Excel for data analysis and reporting.
·Ability to work under pressure and meet strict deadlines without compromising accuracy and quality.
·Demonstrated ability to work independently and as part of a team, with a proactive and results-oriented approach.
Join us and be yourself!
This role is based in Bangalore, where you’ll get the chance to work with teams impacting entire cities, countries – and the shape of things to come.
We’re Siemens. A collection of over 379,000 minds building the future, one day at a time in over 200 countries. We're dedicated to equality, and We welcome applications that reflect the diversity of the communities we work in. All employment decisions at Siemens are based on qualifications, merit and business need. Bring your curiosity and imagination and help us shape tomorrow.
