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Manager - FPS (Taxation)
Manager - FPS (Taxation)Confidential • Mumbai, India
Manager - FPS (Taxation)

Manager - FPS (Taxation)

Confidential • Mumbai, India
8 days ago
Job description

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 a variety of competitive, innovative, and reliable Record-to-Report services from maintaining financial records to financial closing and reporting.

We process, compile, and deliver relevant financial information covering Accounting & Closing, Commercial, Tax and Master Data Services. We deliver maximum value to the business by driving Record-to-Report optimization and digitalization using our entrepreneurial approach. We also support our customers' current and future business requirements with the help of our high level of process and automation competency.

Position Overview :

As a part of the Global Business Services (GBS) Tax team, the Tax Advisory & Compliance Consultant is responsible for delivering comprehensive tax compliance and advisory services across Siemens Group entities, both domestic and international. The role requires a sound understanding of direct, international taxation, and regulatory reporting across jurisdictions. The position combines strategic insight with operational execution, aligning group tax policies with global business practices.

You'll make a difference by :

I. Tax Advisory – Direct tax

  • Analyze and apply DTAAs and local tax laws to ensure tax-efficient structuring of international projects or transactions.
  • Provide comprehensive inbound and outbound tax advisory, including structuring strategies, withholding tax matters, and permanent establishment assessments.
  • Advise on structuring of outbound cross-border projects (India to world-wide countries and Germany to European countries and South Asian countries) with a focus on PE risk mitigation, treaty eligibility and benefit maximization, tax-efficient business models.
  • Providing tax advice on M&A transaction and / or re-structuring transactions and also assistance in undertaking the due diligence.
  • Evaluate and highlight tax implications in tenders, contracts, and business proposals, including scope allocation, risk sharing, tax clause drafting etc.
  • Evaluate tax risks and consequences throughout the project lifecycle, proactively identifying opportunities to prevent avoidable taxes and liabilities.
  • Engage and collaborate with cross-functional departments, such as Legal, Finance, HR, Treasury, and business, to ensure that tax considerations are integrated into broader project strategies.

II. Direct / Corporate Income Tax – Indian Group Companies

  • Tax Return Filings & other related compliances
  • Assist in the preparation and filing of corporate income tax returns, tax audit reports (Form 3CD) in compliance with statutory deadlines. Coordinate with external consultants where needed for complex tax positions or technical matters.
  • Liaise with external consultants for complex tax issues, technical interpretations, or cross-border tax positions, wherever required.
  • In case of Permanent Establishments (PEs) of Indian entities abroad, ensure local compliance obligations are met within stipulated timelines in coordination with overseas consultants.
  • Quarterly & Annual Tax Reporting (IFRS & Ind AS)
  • Assist in quarterly and annual computation of Effective Tax Rate ('ETR') and current / deferred tax for group reporting under IFRS.
  • Assist in tax computations and disclosures under Ind AS for statutory reporting, including tax reconciliations, ETR, MAT workings, and note disclosures in financial statements.
  • Ensure accuracy of quarterly estimated tax computations for advance tax payments and forecast reporting.
  • Tax Assessments & Litigation Support
  • Support end-to-end tax assessment processes : drafting replies to notices, collating information, preparing submissions for hearings, and managing follow-ups.
  • Collaborate with external consultants or legal advisors in complex litigation matters, including preparation of appeals before AO, CIT(A), ITAT, or other authorities.
  • Track and ensure compliance on post-assessment matters including order giving effects, rectification petitions, refund claims, and stay applications for disputed demands.
  • For foreign PEs facing litigation, coordinate with advisors to provide necessary documentation and ensure resolution within applicable legal frameworks.
  • Knowledge Management & Risk Monitoring
  • Stay updated with amendments in tax laws, circulars, judicial decisions, and regulatory pronouncements. Analyze impact on business operations.
  • Disseminate relevant updates and their implications to stakeholders and ensure implementation for ongoing compliance.
  • Digitalization & Process Automation
  • Actively participate in tax function's transformation initiatives including automation, digitization of workflows, and use of technology to streamline compliance and reporting processes.
  • III. Direct / Corporate Income Tax – Foreign Group Companies having India-sourced Income

  • Support Indian tax compliance for foreign entities having India-sourced income, including preparation and filing of returns and Form 3CEB in collaboration with external consultants.
  • Liaise with external consultants for assessments and litigation involving foreign entities to :
  • Respond to notices and coordinate submission of data and documentation.
  • Assist in preparation of appeals, hearings, and assessments.
  • Manage post-assessment steps such as obtaining orders, processing refunds, and handling demand stays.
  • IV. Transfer Pricing – Indian & Cross-Border Group Companies

  • Ensure end-to-end compliance with Indian and global TP regulations including documentation and filings (including PEs).
  • Prepare and review Form 3CEB and local TP documentation; coordinate with external advisors for Master File and Country-by-Country Reporting (CbCR) compliance.
  • Develop and maintain a robust repository of intercompany agreements, benchmarking studies, and TP documentation for audit-readiness.
  • Support TP assessments and appeals and assist consultants / legal counsel in compiling documentation and preparing arguments.
  • Provide advisory on TP implications of new business models, entity restructuring, cross-border contracts, and intercompany pricing policies.
  • Interpret provisions under various DTAAs and Multilateral Instrument (MLI) for group transactions.
  • Your success is grounded in :

  • Minimum 5 - 8 years' experience.
  • Qualified Chartered Accountant (CA) or Certified Public Accountant (CPA); additional qualifications such as LLB, MBA (Finance), or international tax certifications are an advantage.
  • A post-qualification experience in corporate taxation, with a balanced exposure to direct tax, indirect tax, and transfer pricing.
  • Prior experience in a multinational corporate environment, Big 4 consulting firm, or shared services / GBS setup is highly desirable.
  • Hands-on experience in managing tax compliance, regulatory filings, tax audits, litigation, and international tax matters.
  • Join us and be yourself!

    We value your unique identity and perspective and are fully committed to providing equitable opportunities and building a workplace that reflects the diversity of society. Come bring your authentic self and create a better tomorrow with us.

    This role is based in Mumbai , 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 312,000 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.

    Skills Required

    Process Automation, Tax Compliance, Transfer Pricing, Regulatory Reporting, Tax Advisory, Corporate income tax, Tax Audits

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    Manager Taxation • Mumbai, India

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