Head-Direct Tax

Company Description

ArcelorMittal Ventures India Private Ltd. (AM Ventures): AM Ventures is a subsidiary of ArcelorMittal Netherlands. ArcelorMittal Netherlands B.V. is a subsidiary of AM Captive Holding S..r.l. (Luxembourg). The ultimate parent of the ArcelorMittal Group is ArcelorMittal S.A. (Luxembourg) whose shares are traded on several exchanges viz. New York, Amsterdam, Paris, Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia.

Department: Finance & Accounts-Taxation

Location: Noida

Position: Head - Direct Taxation

Educational Qualifications: B.Com.; Chartered Accountant (CA)

Professional Experience: 10 - 12 years of direct tax experience in large organisation, handling a team.

Job-Description:

Responsible for entire gamut of Direct Taxation for ArcelorMittal Group of Companies in India engaged in Manufacturing of Smart Construction Products, Ports, Engineering & Design Services, Infrastructure Services, IT & ITES services and Compliances of Foreign Group Companies in India, including but not limited to:

Tax Advisory/ Compliances:

Reviewing Share Purchase and Business Transfer Agreements, Valuation Reports and advising on tax efficient structuring for Mergers & Acquisition transactions.

Preparing current tax, deferred tax, tax rate reconciliations, tax questionnaires, notes to accounts for Indian GAAP and IFRS reporting to Parent Cos.,

Advance Tax workings,

Responsible for Tax audit by auditors,

Preparation of Income Tax computation and Filing of Income Tax Return,

Review of Transfer Pricing Return,

Obtaining transfer pricing new/ updated benchmarking study reports for new/ existing related party transactions in close coordination with business and global tax team;

Keeping the organization aware of the implications of various direct tax laws on business decisions.

Reviewing withholding tax (TDS)compliances (Calculations, Payment, Returns and Certification) for domestic & international transactions including analysis of Tax treaties,

Preparation of Master file compliances.

Providing TDS opinion to Accounts Payable team.

Maintaining Brought forward business and depreciation losses table and utilization plan.

Analysing the tax implications of Commercial Contracts and tax efficient structuring of the same.

Initiation, Review and tax efficient structuring of Intra-Group Agreements

Resolving queries of Corporate Tax team in Luxembourg.

Obtaining Lower TDS deduction certificate from Income tax department- TDS wing.

Tax Litigation Management:

Representing audits, assessments, appeals and other related matters for group of legal entities before Tax Assessment & Appellate Authorities;

Reviewing submissions for tax audits, assessments, appeals, penalty, show cause, revision, order giving effects, refunds, recovery, rectification and other proceedings

Interacting with external tax advisors/ counsels and Income Tax authorities to expedite the closure of open tax issues

Obtaining opinion on complex tax matters;

Carrying out the analysis of impact of recent judicial rulings on existing and upcoming transactions

Involved in updating the status of the Open litigations, Tax risks analysis and defense strategy on ongoing basis;

Drafting defense files, memo and managing documentation in support of future assessments

Tax Automation Projects:

Analysis of changes in Tax provisions through Finance Act and implementing the same in ERP Systems.

Identifying the automation possibilities for routine tax compliances and implementing the same in ERP system through customization.

Responsible for SAP Implementation from Direct Tax Standpoint.

Functional Skills:

Must have knowledge of SAP, MS Office & Tax Compliance Software.

Well versed with Income Tax Departments website functionalities

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