Piramal Pharma Limited
Location
Mumbai | India
Job description
Job Overview:
This is a strategic leadership role responsible for overseeing all aspects of Direct and international tax functions across the organization's diverse Global operations and supporting the organization's long term financial goals This role involves ensuring compliance with tax regulations, formulating tax strategies to optimize the company's tax position including offering structuring solutions and managing tax risks efficiently
KEY STAKEHOLDERS: INTERNAL
•Corporate Finance
•Business Finance
•Company Secretarial and Legal Teams
KEY STAKEHOLDERS: EXTERNAL
•Law Firms, Tax consultants/advisors
•Statutory & Regulatory authorities
•Auditors
REPORTING STRUCTURE:
•The position will report to the CFO of Piramal Pharma Limited
QUALIFICATION:
•Chartered Accountant
EXPERIENCE:
•15+ years of progressive experience in Direct and international taxation
SKILLS AND COMPETENCIES
•In depth knowledge of domestic and international tax laws, regulations, and compliance
requirements, transfer pricing regulations, cross border transactions, international tax regimes,
treaties, and accounting principles
•Strong leadership and communication skills with the ability to collaborate effectively across
functions and regions and to articulate tax strategies and issues to stakeholders at all levels
•Strong analytical and problem solving skills, with the ability to interpret complex tax laws and
provide strategic recommendations
•Experience in implementing tax technology solutions and leveraging data analytics for tax planning and compliance
Key Roles/Responsibilities:
Tax planning and strategy
•Develop and execute tax efficient strategies to minimize the company's tax liabilities while ensuring compliance
•Analyse business transactions and provide tax advice on potential tax implications, mergers,
acquisitions, and other strategic initiatives
•Review the Organization's holding structure to offer tax efficient structuring solutions
•Monitor changes in tax laws and regulations in relevant jurisdictions and assess the impact on the
company's tax position, providing proactive recommendations to mitigate risks and leverage
opportunities
•Represent the company in tax related discussions and negotiations with external parties, including
potential M&A transactions, joint ventures, and other business arrangements with tax implications
Tax compliance
•Develop and execute direct and international tax strategies to support the company's business
objectives and ensure compliance with all applicable tax laws and regulations
•Ensure timely and accurate filing of all direct tax returns in compliance with applicable laws and
regulations
•Monitor changes in tax laws and assess their impact on the company, implementing necessary
adjustments in tax strategies and compliance procedures accordingly
Transfer pricing and international taxation
•Manage the tax planning and compliance for the organization's global operations, including transfer pricing, repatriation of earnings, and foreign tax credit planning
•Manage transfer pricing policies and ensure adherence to multi jurisdictional tax laws and
documentation in alignment with global regulations and arm's length principles
•Handle international tax matters including cross border transactions, withholding taxes, and tax
treaties and Ensure CbCR reporting, BEPS risk assessment, and POEM compliance from time to time
Stakeholder management
•Collaborate with internal stakeholders such as Finance, Legal, and business units to align tax strategies with overall business objectives
•Liaise with external advisors, tax authorities, and auditors to resolve tax related issues and represent the company during tax audits
Technology adoption
•Implement tax technology solutions and data analytics to streamline tax processes, enhance
compliance, and support tax planning initiatives
Tax risk management
•Proactively identify tax risks and implement effective controls to mitigate these risks, ensuring
adherence to internal policies and external regulations
•Develop and implement policies and controls to ensure tax compliance and minimize exposure to tax related risks
Tax assessments litigation
•Effectively manage tax assessments and coordinate with tax law firms to handle tax litigations and
disputes
•Manage tax related disputes or litigations, collaborating with legal teams as necessary
Team development
•Lead and mentor a team of tax professionals, fostering a culture of continuous learning and
development
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