Objective of Job
- Responsible for managing organization tax compliance covering both direct and indirect taxes, capital allowance and BEPS 2.0 Pillar Two.
- Responsible in asset management related matters, i.e. asset tagging, capital allowance
- Assist in handling corporate tax filing and compliance
- Assist in handling custom duty related matter
- Collaboration with business stakeholders on the ad-hoc project handling
Job Description
(a) Corporate Tax Filing
- Prepare, analyze and submit accurate and timely corporate income tax returns.
- Ensure compliance with monthly, quarterly, and annual tax obligations.
- Prepare and submit Estimated Tax Payable(ETP - CP204(initial) and CP204A(revision))
- Maintain proper documentation and working papers for audit and internal review.
- YA2025 onwards submit MITRS (Malaysian Income Tax Reporting System)
- Prepare tax calculation for Hard Close and Year End Closing submission in Global Tax Center (GTC)
(b) BEPS 2.0 Pillar Two Compliance
- Support readiness for Global Minimum Tax (GMT) implementation under BEPS 2.0 Pillar Two, effective from 1 January 2025.
- Assist in evaluating group structure and entity classification for GloBE rules.
- Prepare data and documentation for Domestic Top-Up Tax (DTT) and Multinational Top-Up Tax (MTT).
- Monitor developments in BEPS 2.0 and assess impact on tax incentives and effective tax rates.
(c) Withholding Taxes (WHT)
- Review payments to non-residents and determine applicable WHT rates.
- Prepare and submit WHT forms (e.g., CP37, CP37A) and ensure timely remittance.
- Reconcile WHT payments and maintain supporting documentation.
(d) Incentive Management & Custom Duty Compliance
- Provide support for tax incentives (e.g., Reinvestment Allowance, Investment Tax Allowance).
- Assist in Custom Duty Compliance related matter
(e) Indirect Taxes
1. Service Tax
- Monitor SST compliance across departments and advise on SST treatment.
- Prepare and file Sales and Service Tax (SST) returns bi-monthly. (if registered)
2. Imported Service Tax
- Submission of Imported Service Tax
- Monitor developments in indirect tax and assess impact on tax incentives and effective tax rates.
- Support compliance with import duties, excise duties, and customs declarations (if any).
(f) Payables Related
- Support AP reporting tasks not handled by Finance Operation (FO) team, ensuring accuracy, timeliness, and effective communication with FO and stakeholders. ie Maverick Buy Report, e-invoicing report, sample check report, Data Extraction for MIDA etc.
(g) Asset Management & Capital Allowance
- Assist in overall asset management
- Assist in asset related reporting and any ad-hoc activities
- Ensure timeliness and completeness of asset tagging exercise
- Maintain and update the fixed asset register for tax purposes.
- Calculate initial and annual capital allowances for qualifying assets.
- Prepare supporting schedules for tax computations.
- Ensure proper classification and documentation of assets.
(h) External Audit Handling
- Supporting audit queries for Statutory/Corporate/Ad-hoc audit/Transfer Pricing
- Prepare Audit Notes for AP, Asset and Tax Related.
(i) Handling of SSC queries
- Provide guidance and support to colleagues and FO teams on AP-related matters until the E2E process is stabilized.
(j) Policies & procedures
- Adhere to all company and Mercedes-Benz policies and other relevant compliance matters
- To continuously improve the existing policies and procedures
- Support ICFR control execution to ensure all controls are in place
- To prepare tax-related journal entries in accordance with local accounting standards (MFRS) and Mercedes-Benz accounting standards (IFRS)
(k) Ad Hoc Projects
- Support ad hoc projects assigned from time to time
Qualifications
(a) Education Level / Training
- Degree/Advanced Diploma in Accountancy
(b) Experience (Type of)
- At least 5 years relevant work experience
- Experience in SAP system
(c) Specific Knowledge / Skill
- Strong accounting knowledge
- Strong numerical and analytical ability
- Possess strong compliance towards work
- Possess strong drive for solutions to situations and problems
- Independent and self-driven personality
- Professional in approach to work environment
- Able to conduct work and business discussions across departments in a professional manner
- Able to assist to complete review and reporting submissions timely and in an organized and professional way
- Strong computer application knowledge
- Good communications skills (verbal and written) in English. Other languages are of an added advantage
- Good and approachable inter-personal skills
