The role of Senior Taxation Specialist is to develop taxation policies and procedures and facilitate the implementation of the Group taxation strategy across the ADNOC Group (HQ and Group Companies), by performing and coordinating compliance, reporting, representation, advisory and support activities at a Federal and Emirate level relating to both Value Added Tax (VAT) & Royalties and Tax, to support the realization of tax reporting requirements and the protection of the company’s reputation. Job ID for this vacancy is 22181.

Taxation Policies and Procedures

•  Provide input into the Group Tax organisational structure, necessary to meet the strategic objectives of the function, and continually challenge and evolve the same.
• Develop, and manage the implementation of Tax policies and procedures across the ADNOC Group.
• Ensure compliance with relevant taxation laws and regulations.
• Draft and continuously update a comprehensive plan to mitigate the adverse impact of Tax on ADNOC’s business lines, by minimizing tax leakage and maximizing cash flow efficiencies.
• Cascade relevant Tax information and Tax knowledge management throughout the ADNOC Group.
• Review and advise on current and future transfer pricing strategies.
• Help to mitigate risk and Optimize strategies for business operations.
• Implement an end-to-end tax reporting framework.
• Ensure increased transparency and strict controls are in place for VAT reporting across the Group.

Value Added Tax (VAT)

• Create and lead the implementation of VAT policies and procedures across the ADNOC Group.
• Ensure compliance with the VAT laws as directed by the Manager, Tax Department.
• Monitor Group Companies’ compliance with VAT Policy and Procedures.
• Escalate instances of non-compliance to the Manager, Tax Department.
• Prepare the ADNOC final Consolidated Group VAT Return for sign off by the VP Tax, before the submission to the Federal Tax Authority.
• Create VAT compliance processes and procedures to maximise efficiency, accuracy and accountability in connection with VAT returns filed with the FTA.
• Facilitate the implementation of the end-to-end VAT Reporting framework, and monitor the group’s adherence to the framework.
• Review the VAT reporting package from Group Companies on a monthly/quarterly basis.
• Conduct detailed technical review and prepare monthly/quarterly VAT audit file tor each VAT Group entity.
• Maintain a logbook of inconsistencies identified, investigated and resolved.
• Escalate the findings and key risk areas to the business teams and CFOs where necessary, in coordination with the Manager, Tax Department.
• Monitor and assess Group Companies’ KPIs in relation to tax-related compliance.
• Advise on remedial action plans where required for annual reconsideration of KPIs to close any identified gaps.
• Liaise with the Federal Taxation Authority in respect of the status of the VAT returns, as well as any queries or audits.
• Identify the need for external resources tor tax advisory, tax compliance or technological needs where required.
• Execute VAT registration for new Group Companies, and manage VAT Group and de­ registration of Group Companies.
• Contribute to  and prepare necessary working papers for any ongoing and future audits conducted by the Federal Tax Authority for VAT.
• Develop and help to foster a collaborative relationship and formulating an internal strategy to satisfy their audit inquiries.

What You Will Do More As A Senior Taxation Specialist

• Identify and inform the Manager, Tax Department of any system changes that need to be made to facilitate overall tax compliance at HQ and Group Company level, in accordance with internal policy and procedures.
• Optimize and maintain 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.
• Identify and rectify failures in Tax critical systems and procedures that result in overpayment or underpayment of tax.
• Entail the threats of penalties’ and reputational risk to ADNOC and its group.
• 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.
• Coordinate 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.
• Identification and rectification of failures in Tax critical systems and procedures that result in overpayment or underpayment of tax, that can entail the threats of penalties’ and reputational risk to ADNOC and its group and escalate such matters to VP, Tax.

Royalties and Tax

• Manage the calculation and payment of Royalties and Tax payments to the Abu Dhabi fiscal authorities for VP, Tax review.
• Manage the submission of approved monthly statements to the Abu Dhabi fiscal authorities.
• Actively participate in discussions with the fiscal authorities of issues arising from tax submissions as directed by VP, Tax.
• Contribute to the development, implementation and continual evolvement of Royalty and Tax Framework with fiscal authorities.
• Ensure a coherent, practical procedure for 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.
• 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.
• 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.
• Prepare the quarterly reconciliation of system generated Royalties and Tax to financial statements.
• Prepare 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.
• 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.