Corporate Tax Manager

JOB PURPOSE:

Contribute to the development and lead the implementation of the group taxation strategy, contribute to the development of a world class taxation function across the ADNOC group, manage the activities of the Group Tax Department, and provide related advice and support across the ADNOC Group (HQ and Group Companies), in order to ensure overall Federal and Emirate Tax compliance, the realisation of tax reporting requirements, and to support the protection of the company’s reputation.

KEY ACCOUNTABILITIES:

Job Specific Accountabilities

Taxation Strategy, Policies and Procedures

• Contribute to the development and lead the implementation of the Group taxation strategy, including a prioritised Tax Operating Model roadmap to help ADNOC Group identify and meet the changing tax obligations and manage ADNOC Group’s overall tax risk profile.
• Contribute to Tax function documentation and continually evolve and update:

• Statement of Function
• Process flow charts
• Tax Policies and procedures across the ADNOC VAT Group. 

• Contribute to and advise on updates or changes to be made to process flows of other departments and directorates, to ensure tax compliance is embedded within their processes.
• Manage the activities of the Group Tax Department, being responsible for  overall Emirate & Federal Tax Compliance and advice encompassing Royalties and Tax & Value Added Tax, in line with centrally developed policies, procedures and guidelines, in order to protect the ADNOC brand.
• Acts on behalf of the Vice President, Tax, in case of absence.
• Lead the implementation of an end to end tax control reporting framework, to ensure increased transparency in VAT reporting across the Group.

Tax Representation

• Act as a liaison for Group Tax with the Federal Taxation Authority, International Partners and Group Companies, as directed by the VP, Tax.
• Contribute to the taxation relationship between ADNOC Group and Joint Ventures, SPC and the Department of Finance Abu Dhabi, as directed by the VP, Tax.
• Liaise with Ministry of Finance to request and obtain tax residency certifications, when required, on behalf of the ADNOC Group companies, in order to take advantage of Double Taxation Agreements signed by the UAE with other tax jurisdictions across the globe.
• Act as a focal point for Tax technical input in relation to strategic decisions, major projects and large value transactions.
• Serve as tax representative on multidisciplinary committees such as Group Internal Audit and Risk Management regarding transactions and other business’s initiatives as per VP, Tax recommendation to GCFO.

Internal and External Reporting

• Lead the preparation and submission of required consolidated reports to the Department of Finance and Federal Tax Authority for the Group.
• Review the accuracy of the monthly and quarterly forecasts of Royalties and Tax.
• Prepare the VAT compliance reports and statistics to senior management, to monitor payments and refunds and impact on ADNOC and Group cash flow.

Royalties and Tax

• Manage the calculation and payment of Royalties and Tax payments to the Abu Dhabi fiscal authorities.
• Manage the submission of approved monthly statements to the Abu Dhabi fiscal authorities and active participation in discussions with the fiscal authorities of issues arising from tax submissions.
• Contribute to the development, implementation and continual evolvement of the Royalty and Tax Framework with fiscal authorities to ensure a coherent, practical procedure is in place for the calculation and payment of due tax.
• Manage all the tax compliance requirements by External Auditors, Internal Auditors, Advisors of SPC and other external parties, to provide assurance on ADNOC and Group’s tax compliance in line with policies and procedures.
• Contribute to the optimisation of Royalty and Tax accounting control processes and functional structure, to optimise control and reporting processes.
• Contribute to any new key Royalties and Tax fiscal term arrangements, or amendment to existing arrangements.
• Coordinate with Treasury and Accounts Payable regarding the payment of Royalties and Tax.
• Prepare quarterly movement schedule for Royalties and Tax and perform reconciliations with the liability and expense accounts.
• Manage the quarterly reconciliation of system generated Royalties and Tax to financial statements, and compute and adjust for any over or underpayments.
• Manage necessary Royalties and Tax adjustment calculations in terms of crude settlements, deemed purchases etc. involving changes in concessions involving international shareholders.
• Liaise with external auditors regarding year end Royalties and Tax reconciliations and adjustments.
• Coordinate any ongoing and future audits conducted by the Department of Finance for Tax and Royalties and respond to any queries posed by fiscal authorities.
• Provide expert Royalties and Tax advice to ADNOC HQ directorates and external stakeholders.
• Act as custodian for the Royalties and Tax module in SAP, and recommend any required enhancement for Royalty and tax Module in SAP. Escalate any system matters to Vice President, Tax.

Value Added Tax (VAT)

• Manage and review the accuracy and timely compliance with VAT Policy and Procedures including the end-to-end VAT Reporting Framework Compliance.
• Review Group Companies’ compliance with VAT Policy and Procedures and escalate instances of non-compliance to the VP, Tax.
• Assess Group Companies’ KPI in relation to tax-related compliance and develop remedial action plans where required for annual reconsideration of KPIs to close any identified gaps.
• Oversee the delivery of ADNOC final Consolidated Group VAT Return for sign off by the VP Tax, before the submission to the Federal Tax Authority.
• Contribute with internal stakeholders such as Treasury, Accounts Payable and Accounts Receivable for the monthly/quarterly VAT Liability to and from the ADNOC Group Companies.
• Manage the VAT compliance and reporting for the ADNOC Group entities that are not part of the ADNOC VAT Group.
• Contribute to any ongoing and future audits conducted by the Federal Tax Authority for VAT, by performing related activities.
• Request and review periodic reports, providing assurance that VAT compliance is achieved by the ADNOC Group companies that are not part of the VAT Group ,such as evidence of tax filings.
• Oversee the optimisation and maintenance of the VAT reporting functionality of all ERP systems within ADNOC for VAT critical aspects such as master data set up, VAT determination logic and tax code functionality.