Financial Services Tax

Job Description & Summary

Our team helps our Financial Services clients navigate the frequently changing and complex national and international tax environment related to stringent capital requirements, management of operational tax risks, and tax implications of investing in different jurisdictions. You'll help our clients with their tax structuring while helping to address the challenges of the continuously changing tax world, both locally and globally.

Qualification: Chartered Accountant

You'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution.

The tasks, roles and responsibilities pertaining to the job role will include the following:

• Handling complex advisory and compliance engagements such as Regulatory/Tax structuring and re-structuring of funds, companies, LLPs, trusts etc.,
• Advisory and Litigation support pertaining to Income-tax laws and rules framed therein, SEBI regulations (covering broking, mutual funds, distributors, investment advisors, private equity, venture capital), Companies Act and rules framed therein, FEMA, Non-Banking Financial Companies (NBFC) regulations, Mutual Fund (MF) regulations, banking regulations, Insurance regulations, Service tax laws, rules framed therein,
• Handling structures / transactions involving GIFT City IFSC,
• Preparing application for and obtaining Foreign Investment Promotion Board (FIPB) approvals for foreign direct investments, assisting in obtaining foreign portfolio investor. Mutual Fund
  
  rules regulations, regulations governing Real Estate Infrastructure Trusts, Infrastructure investments trusts, Research analysts regulations, Alternate Investment Funds regulations,
• Periodical uploading of TDS returns, preparation and uploading of annual tax returns, filing routine reports with authorities and any other routine compliances.
• Preparation and filing of submissions before income-tax authorities, objections and submissions filed before dispute resolution panel, appellate documents and submissions before Commissioner (Appeals), appeal documents and submissions before the Income-tax Appellate Tribunal, application before the Authority for Advance Ruling and appeal before the Hon'ble High Court/Supreme Court
• Interpreting international tax treaties, income-tax laws of overseas nations, their regulatory rules.
• Coordinating with the department for obtaining approvals, registrations, licenses, etc.
• Ability to discuss complex technical issues, ask appropriate questions and gather relevant information from the client.
• Developing good rapport with top level, middle level of client management.
• Responsible for the complete execution of the assigned engagements.
• Updating the Partner proactively on various work related issues.
• Coordinating with the Partner on the planning and management of assignments.
• Providing timely and high-quality services and work products that exceed the
  
  clients expectations.
• Delegating and reviewing work of managers.

Profile requirements-

To qualify for the same the candidate will need:

• To be a Qualified Chartered Accountant with 4+ years of relevant experience.
• Degree in law from a recognized University, Company secretary, CFA are good to have additional qualifications.
• To have a thorough technical knowledge of Tax, SEBI regulations, FEMA regulations
• Prior Experience in Big 4 working with FS clients like banks, (NBFCs), insurance/reinsurance companies, foreign portfolio investors, stock-brokers, mutual funds, asset management companies, etc.
• Experience in advising on tax and regulatory issues relating to the Financial Services sector with emphasis on structuring investment strategies of Private Equity Funds, Foreign Venture Capital Funds, Real Estate Funds, Foreign Institutional Investors, etc.
• To demonstrate excellent written and verbal communication skills
• To have excellent presentation and report writing skills
• Be strong in Team handling and Client handling skills
• Have the necessary soft skills to demonstrate confidence and sophistication in interacting with senior level client personnel
• Through knowledge of Tax laws, SEBI regulations, Double Tax Avoidance Agreements, FEMA regulations, Company Law and other laws relating to the FS space
• Awareness regarding all developments from tax and regulatory standpoint in FS space is expected
• Aware of commercial aspects of transactions in FS space