Umang Someshwar, Associate Director

Umang Someshwar

Associate Director

SKP Group

Location
United Arab Emirates - Dubai
Education
Bachelor's degree, Chartered Accountant
Experience
8 years, 11 Months

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Work Experience

Total years of experience :8 years, 11 Months

Associate Director at SKP Group
  • United Arab Emirates
  • My current job since August 2017

Corporate
(Spearheading SKP Group’s initiatives in Middle East)
• Management Role:
o Developing the market and building strategic affiliations/associations to achieve a
sustainable ecosystem for the group (in middle east)
o Responsible for creating visibility and managing key accounts
o Setting-up internal governance and other regulatory measures around the 2 entities
of the group in the region
o Responsible for external/ regulatory compliances and filings for the group entities
o Responsible for the financial performance and key matrices of the UAE operations
and updating the management on the same
• Operational Role:
o Assisting some of the largest law firms and other businesses with the impact study,
implementation and transition to VAT regime in UAE
o Providing need based advisory, seeking clarification from the FTA on various
matters for the clients in relation to UAE VAT
o Providing training about UAE VAT to various functional teams of the clients
o Assisting MNCs establish presence in the region (setting up in various free zones
in UAE

Executive at T.P. Ostwal & Associates
  • India
  • November 2008 to December 2010

Tax
• Research and drafting of opinion on cross border taxation issues for Indian Corporate
Clients.
• Transfer Pricing Audits and Documentation reports of MNCs in India.
• Foreign Exchange Regulations related advisory for Indian MNCs.
Other Highlights
• Sectors and Industry exposure include FMCG, Pharma, Infrastructure, Poultry and animal
husbandry, medical devices, automotive, chemicals, Software and ITeS and financial
services.
• Addressed multiple topics and sessions on following subject, at various forums (in India
and UAE):
1. Doing business in India
2. UAE VAT Regulations
3. Transfer Pricing (Global & Indian)
These were delivered at different trade bodies, independent organizations, associations and
chambers.
• Led thought leadership articles and publications in various professional journals and in-
house for the group on various subjects including UAE VAT, Tax and Transfer Pricing
• Holding certificate from American University in Dubai in conjunction with Dubai
Economic Department (DED) for the purposes of acting as a manager in business entity
intending to perform “consulting” activities

Principal at 2017 with SKP Group
  • India
  • December 2010 to July 2010

Tax and Transfer
Pricing
2
• Operational Role:
o Advising on matters that involve balancing regulation of various jurisdictions
globally (more specifically in the APAC and African region) on transfer pricing
aspects and assisting in preparation of Master File and Local file in line with OECD
BEPS program
o Involved in complex tax advisory assignments, encompassing Permanent
Establishment, DTAA, Withholding Tax, Corporate tax and transfer pricing
matters and thereby delivering solutions from a holistic perspective.
o Represented MNCs and Indian multinational groups in their revenue audits before
the tax officers and appellate authorities (in India).
o Participated in negotiations with the Indian revenue authorities in relation to
Advance Pricing Agreements (APAs) for multinationals in India.
• Management Role:
o Lead projects involving process and efficiency improvements.
o Involved and contributed for strategizing the budgeting, pricing and business plan
for the practice and presentation to management.
o Spearheaded the new focus areas of the practice

Education

Bachelor's degree, Chartered Accountant
  • at Mumbai University
  • January 2005

Specialties & Skills

Budgeting
Transfer Pricing
International Tax
Financials
CUSTOMER RELATIONS
FINANCIAL
AUTOMOTIVE
CONSULTING
DOCUMENTATION
DRAFTING
FOREIGN EXCHANGE
FUNCTIONAL
LEADERSHIP