Job details
At RAKBANK , we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance. We are seeking an Associate Vice President – Taxation to join our team in Dubai, Silicon Oasis. In this impactful role, you'll oversee and manage the tax compliance and planning activities of the bank, ensuring adherence to regulatory requirements, optimizing tax strategies, and providing expert guidance on VAT, Corporate Tax, transfer pricing, and other tax-related matters. What You’ll Do:
- Ensure timely and accurate filing of all tax returns (VAT, Corporate Tax, etc.).
- Maintain up-to-date knowledge of tax laws and regulations.
- Liaise with tax authorities and manage tax audits and inquiries.
- Develop and implement tax strategies to optimize the bank's tax position.
- Advise on the tax implications of business decisions and transactions.
- Monitor changes in tax legislation and assess their impact on the bank.
- Ensure compliance with transfer pricing regulations.
- Prepare and review transfer pricing documentation.
- Conduct transfer pricing analysis and benchmarking studies.
- Provide tax advisory services to internal stakeholders.
- Support business units with tax-related queries and projects.
- Conduct tax risk assessments and recommend mitigation strategies.
- Ensure all tax activities comply with local and international tax regulations.
- Stay informed about regulatory changes and ensure the bank's tax practices are updated accordingly.
- Oversee the preparation of tax provisions and disclosures for financial statements.
- Collaborate with the finance team to ensure accurate tax accounting.
- Lead and mentor the tax team, fostering a culture of continuous improvement.
- Provide training and development opportunities for team members.
- Bachelor’s degree in accounting, Finance, or a related field (Master's preferred).
- Professional certification such as CPA, CA, or equivalent.
- 7-10 years of experience in tax management, preferably within the banking or financial services industry.
- In-depth knowledge of VAT, Corporate Tax, transfer pricing, and tax consulting.
- Experience with regulatory compliance and tax audits.
- Strong knowledge of tax laws and regulations.
- Excellent analytical and problem-solving skills.
- Effective communication and interpersonal skills.
- Ability to manage multiple tasks and meet deadlines.
- Proficiency in tax software and financial systems.
- Leadership and team management abilities.
- Pay for performance – Competitive, performance-driven compensation.
- Comprehensive benefits – Medical and life insurance for you and your family.
- Career growth – Access to career development pathways and mentorship.
- Inclusive culture – Thrive in a diverse, collaborative environment.
- Innovative team – Work alongside industry leaders in customer experience.
- Bring your best self – Join a team that values integrity and performance.
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