Assistant Vice President (AVP) - tax
QInvest LLC
Total years of experience :9 years, 5 months
QInvest LLC is an Islamic compliant investment bank, which has investments world-wide. Some of its major investments or its presence are in Luxembourg, France, Netherlands, United Kingdom, Cayman Islands, United States and so on. Here, being a Group tax advisor, my main responsibilities were as follows: - Responsible for effective tax management within the Group (for all the jurisdictions) as per the best practices and application of local tax laws and regulations - Advising Head of Finance and Chief Finance Officer on the tax implications of new business deals and lead the deal structuring from a tax perspective - Review the existing business deals and overall Group structure and strategies to identify and mitigate tax risks - Frequent review and advise the impact of changing tax landscape on the Group - Perform tax planning and analysis to support middle and senior management - Manage tax compliance, reporting, and filing of tax returns for all the Group entities. Coordinate with the local administrators and ensure timely tax payment and filing of tax returns to the local tax authorities - Where external tax consultants are engaged, liaising with them to ensure that they are performing their duties effectively and tax function of those entities is best managed - Act as the key point of contact and support for local and international taxation matters - Liaise with tax authorities and provide tax audit support for the Group - Lead and coordinate ad-hoc tax-driven business initiatives locally or internationally. - Enable accurate and timely forecasting of the Group’s tax expense
- Compile and present tax MIS to Head of Finance and Chief Finance Officer - Documentation and quantification of uncertain tax positions and advise mitigating approach to minimize the uncertainty. - Responsible for Country-by-country Reporting, FATCA and CRS.
• Analysis of company’s financial statement and determining tax liability.
• Managed (from inception to final report delivery) over 100 clients with their corporate tax filing, which includes filing for both Qatari / GCC entities as well as taxable entities with foreign shareholding.
• Preparation of proposal for Tax compliance and Tax advisory services.
• Accounting for companies’ Withholding Tax compliance / management which include resolving their day - to - day withholding tax queries on payments to non-residents and retention queries on payments to contractors.
• Handling major banking sector clients and Qatar Financial Centre (‘QFC’) licensed entities.
• Providing advisory services related to Transfer Pricing policies and Withholding Tax under Qatar Tax law and QFC Tax law.
• Represented various clients before the Public Revenue and Taxes Department (‘PRTD’) as well as the QFC Tax Department in respect of tax assessments, withholding tax refund applications, advanced tax rulings, etc. and approaching the PRTD with various tax queries.
• Worked on number of multi - firm engagements including countries like United Kingdom, Netherlands, Japan and so on.
• Tax due diligence services.
• Financial analysis of various stores performance
• Preparation of final accounts for various stores.
• Accounting for Foreign exchange, Petty Cash and VAT.
• Reconciling the cash balance according to bank, treasury, agencies and various stores.
• Proper and timely payment to different vendors and agencies.
• Analyzing historical performance of various stores and identifying areas of improvement.
• Risk management based on clients portfolio
• Market research on understanding the client requirement for various products.
• Advising on different financial products involving equities, deposits, insurance and mutual funds.
• Continuous monitoring of client’s portfolio.
• Assessment and processing of home loan requirement.
• Historical financial analysis of company’s performance periodically
• Preparation of budgets for the company based on discussion with the management and company’s future expectation.
• Financial modeling to determine viability of various investment opportunities.
• Preparation of monthly and quarterly MIS reports.