ROLE OVERVIEW
This
role is responsible for ensuring CTOS group complies fully with all tax
regulations in Malaysia and other jurisdictions where the Group operates. This
includes preparing and reviewing tax returns, tax compliance, tax planning,
managing tax audits, liaising with tax authorities, implementing tax efficient
structures and advising the business on the tax implications of various
commercial activities. The role requires close collaboration with internal
stakeholders and external consultants to optimize tax efficiency while ensuring
transparency and compliance.
KEY
RESPONSIBILITIES
Tax Compliance and Reporting
·
Ensure timely and accurate filing of all corporate tax returns, including
but not limited to income tax, withholding tax, and indirect taxes, including
remittance to tax authorities.
·
Prepare and review tax and deferred tax provisions and disclosures for
monthly, quarterly and annual financial reporting in accordance with MRFS /
IFRS.
·
Optimise submission and payment of tax estimates.
· Maintain and update
tax-related documentation and internal controls in line with local and
international regulations.
Tax Planning and Advisory
·
Develop and implement effective tax strategies aligned with the company’s
business and growth objectives.
·
Advise management on tax implications of new projects, investments,
mergers and acquisitions, and cross-border activities.
· Conduct scenario analysis to
optimize tax outcomes for new business initiatives and group restructuring.
Tax Risk Management
·
Monitor changes in tax legislation and assess the impact on company
operations.
·
Manage and mitigate tax risks through proactive planning and robust
documentation.
· Lead or support internal and
external tax audits and resolve queries from tax authorities efficiently.
Transfer Pricing
·
Oversee and ensure proper transfer pricing documentation and compliance
in accordance with Malaysian and OECD guidelines.
· Work closely with business
units to ensure appropriate pricing of intercompany transactions, including
documentation.
Process and policies
·
Identify and implement process improvements to increase efficiency and
accuracy of tax compliance.
·
Monitor existing tax policies adopted and proactively identify gaps for
improvement.
· Provide tax advice to other
stakeholders as required.
Stakeholder Management
·
Act as the primary point of contact for tax authorities, external tax
advisors and internal teams.
·
Liaise with statutory auditors on tax-related matters during the audit
process.
· Educate and train business
units on relevant tax requirements and compliance obligations.