Assistant Manager, Tax Specialist
Job Description
Objective of Job
Responsible for managing organization tax compliance covering both direct and indirect taxes, capital allowance and BEPS 2.0 Pillar Two.
Responsible in asset management related matters, i.e. asset tagging, capital allowance
Assist in handling corporate tax filing and compliance
Assist in handling custom duty related matter
Collaboration with business stakeholders on the ad-hoc project handling
Job Description
Corporate Tax Filing
Prepare, analyze and submit accurate and timely corporate income tax returns.
Ensure compliance with monthly, quarterly, and annual tax obligations.
Prepare and submit Estimated Tax Payable(ETP - CP204(initial) and CP204A(revision))
Maintain proper documentation and working papers for audit and internal review.
YA2025 onwards submit MITRS (Malaysian Income Tax Reporting System)
Prepare tax calculation for Hard Close and Year End Closing submission in Global Tax Center (GTC)
BEPS 2.0 Pillar Two Compliance
Support readiness for Global Minimum Tax (GMT) implementation under BEPS 2.0 Pillar Two, effective from 1 January 2025.
Assist in evaluating group structure and entity classification for GloBE rules.
Prepare data and documentation for Domestic Top-Up Tax (DTT) and Multinational Top-Up Tax (MTT).
Monitor developments in BEPS 2.0 and assess impact on tax incentives and effective tax rates.
Withholding Taxes (WHT)
Review payments to non-residents and determine applicable WHT rates.
Prepare and submit WHT forms (e.g., CP37, CP37A) and ensure timely remittance.
Reconcile WHT payments and maintain supporting documentation.
Incentive Management & Custom Duty Compliance
Provide support for tax incentives (e.g., Reinvestment Allowance, Investment Tax Allowance).
Assist in Custom Duty Compliance related matter
Indirect Taxes
1. Service Tax
Monitor SST compliance across departments and advise on SST treatment.
Prepare and file Sales and Service Tax (SST) returns bi-monthly. (if registered)
2. Imported Service Tax
Submission of Imported Service Tax
Monitor developments in indirect tax and assess impact on tax incentives and effective tax rates.
Support compliance with import duties, excise duties, and customs declarations (if any).
Payables Related
Support AP reporting tasks not handled by Finance Operation (FO) team, ensuring accuracy, timeliness, and effective communication with FO and stakeholders. ie Maverick Buy Report, e-invoicing report, sample check report, Data Extraction for MIDA etc.
Asset Management & Capital Allowance
Assist in overall asset management
Assist in asset related reporting and any ad-hoc activities
Ensure timeliness and completeness of asset tagging exercise
Maintain and update the fixed asset register for tax purposes.
Calculate initial and annual capital allowances for qualifying assets.
Prepare supporting schedules for tax computations.
Ensure proper classification and documentation of assets.
External Audit Handling
Supporting audit queries for Statutory/Corporate/Ad-hoc audit/Transfer Pricing
Prepare Audit Notes for AP, Asset and Tax Related.
Handling of SSC queries
Provide guidance and support to colleagues and FO teams on AP-related matters until the E2E process is stabilized.
Policies & procedures
Adhere to all company and Mercedes-Benz policies and other relevant compliance matters
To continuously improve the existing policies and procedures
Support ICFR control execution to ensure all controls are in place
To prepare tax-related journal entries in accordance with local accounting standards (MFRS) and Mercedes-Benz accounting standards (IFRS)
Ad Hoc Projects
Support ad hoc projects assigned from time to time
Education Level / Training
Degree/Advanced Diploma in Accountancy
Experience (Type of)
At least 5 years relevant work experience
Experience in SAP system
Specific Knowledge / Skill
Strong accounting knowledge
Strong numerical and analytical ability
Possess strong compliance towards work
Possess strong drive for solutions to situations and problems
Independent and self-driven personality
Professional in approach to work environment
Able to conduct work and business discussions across departments in a professional manner
Able to assist to complete review and reporting submissions timely and in an organized and professional way
Strong computer application knowledge
Good communications skills (verbal and written) in English. Other languages are of an added advantage
Good and approachable inter-personal skills