Hello Visionary!
We provide extensive high-quality and cost-efficient Finance & Procurement services from purchasing to the processing of outgoing payments, Cash allocation, Fixed Assets accounting, Accounts reconciliation and Closing & Reporting. We work with a strongly integrated system and a highly automated processing environment and digital workforce.
Our customers receive innovative, easy-to-use services. We deliver maximum value to the business by driving process optimization and digitalization using our ambitious approach, and we support our customers’ current and future business requirements with the help of our high level of process and automation competency.
As a part of the Global Business Services (GBS’) Tax team, the you would be responsible for delivering comprehensive tax compliance and advisory services across Siemens Group entities, both domestic and international. The role requires a sound understanding of direct, international taxation, and regulatory reporting across jurisdictions. The position combines strategic insight with operational execution, aligning group tax policies with global business practices.
Tax Advisory – Direct tax
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Analyze and apply DTAAs and local tax laws to ensure tax-efficient structuring of international projects or transactions.
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Provide comprehensive inbound and outbound tax advisory, including structuring strategies, withholding tax matters, and permanent establishment assessments.
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Advise on structuring of outbound cross-border projects (India to world-wide countries and Germany to European countries and South Asian countries) with a focus on PE risk mitigation, treaty eligibility and benefit maximization, tax-efficient business models.
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Evaluate and highlight tax implications in tenders, contracts, and business proposals, including scope allocation, risk sharing, tax clause drafting etc.
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Evaluate tax risks and consequences throughout the project lifecycle, proactively finding opportunities to prevent avoidable taxes and liabilities.
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Tax Return Filings & other related compliances
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Assist in the preparation and filing of corporate income tax returns, tax audit reports (Form 3CD) in compliance with statutory deadlines. Coordinate with external consultants where needed for complex tax positions or technical matters.
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Liaise with external consultants for complex tax issues, technical interpretations, or cross-border tax positions, wherever required.
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In case of Permanent Establishments (PEs) of Indian entities abroad, ensure local compliance obligations are met within stipulated timelines in coordination with overseas consultants.
2. Quarterly & Annual Tax Reporting (IFRS & Ind AS)
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Assist in quarterly and annual computation of Effective Tax Rate (‘ETR’) and current / deferred tax for group reporting under IFRS.
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Assist in tax computations and disclosures under Ind AS for statutory reporting, including tax reconciliations, ETR, MAT workings, and note disclosures in financial statements.
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Ensure accuracy of quarterly estimated tax computations for advance tax payments and forecast reporting.
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Support end-to-end tax assessment processes: drafting replies to notices, collating information, preparing submissions for hearings, and handling follow-ups.
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Collaborate with external consultants or legal advisors in complex litigation matters, including preparation of appeals before AO, CIT(A), ITAT, or other authorities.
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Track and ensure compliance on post-assessment matters including order giving effects, rectification petitions, refund claims, and stay applications for disputed demands.
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For foreign PEs facing litigation, coordinate with advisors to provide necessary documentation and ensure resolution within applicable legal frameworks.
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Stay updated with amendments in tax laws, circulars, judicial decisions, and regulatory pronouncements. Analyze impact on business operations.
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Disseminate relevant updates and their implications to stakeholders and ensure implementation for ongoing compliance.
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Actively participate in tax function’s transformation initiatives including automation, digitization of workflows, and use of technology to streamline compliance and reporting processes.
Direct / Corporate Income Tax – Foreign Group Companies having India-sourced Income
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Support Indian tax compliance for foreign entities having India-sourced income, including preparation and filing of returns and Form 3CEB in collaboration with external consultants.
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Liaise with external consultants for assessments and litigation involving foreign entities to:
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Respond to notices and coordinate submission of data and documentation.
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Assist in preparation of appeals, hearings, and assessments.
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Handle post-assessment steps such as acquiring orders, processing refunds, and handling demand stays.
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Ensure end-to-end compliance with Indian and global TP regulations including documentation and filings (including PEs).
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Prepare and review Form 3CEB and local TP documentation; coordinate with external advisors for Master File and Country-by-Country Reporting (CbCR) compliance.
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Build and maintain a robust repository of intercompany agreements, benchmarking studies, and TP documentation for audit-readiness.
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Support TP assessments and appeals and assist consultants / legal counsel in compiling documentation and preparing arguments.
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Provide advisory on TP implications of new business models, entity restructuring, cross-border contracts, and intercompany pricing policies.
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Interpret provisions under various DTAAs and Multilateral Instrument (MLI) for group transactions.
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Qualified Chartered Accountant (CA) or Certified Public Accountant (CPA); additional qualifications such as LLB, MBA (Finance), or international tax certifications are an advantage.
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A post-qualification with 5+ years of experience in corporate taxation, with a balanced exposure to direct tax, indirect tax, and transfer pricing.
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Prior experience in a multinational corporate environment, Big 4 consulting firm, or shared services / GBS setup is helpful.
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Hands-on experience in handling tax compliance, regulatory filings, tax audits, litigation, and international tax matters
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You have excellent communication skills & problem-solving skills
Join us and be yourself!
This role is based in Mumbai, where you’ll get the chance to work with teams impacting entire cities, countries – and the shape of things to come.
We’re Siemens. A collection of over 312,000 minds building the future, one day at a time in over 200 countries. We're dedicated to equality, and We encourage applications that reflect the diversity of the communities we work in. All employment decisions at Siemens are based on qualifications, merit and business need. Bring your curiosity and creativity and help us shape tomorrow.
