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Chevron Corporation Tax Analyst in Karachi, Pakistan

Manages the tax liability of the company including the planning, accounting, filing, and reporting process; gathers information for purposes of satisfying income tax requirements at all levels of jurisdiction.

Statutory Reporting

Liaison with External Auditors for preparation of statutory accounts and to provide expert input on complex areas

Perform year end closing adjustments:

  • Correct classification of Income and Sales tax asset / liability.

  • Gratuity provision based on actuary report.

  • Entries in Period 13 for incorporating audit adjustments to reconcile SR ledger with audited accounts.

  • Review next period implications of Period 13 entries and record necessary adjustments.

Prepare the Management Statutory accounts for dividends declaration.

Corporate Affairs

Assisting Company Secretary in ensuring compliance with all Company’s law requirements as applicable to Chevron:

  • Co-ordinate and conduct Board Meetings (BM) and Annual General Meeting of Shareholders.

  • Co-ordinate and conduct Extra Ordinary General Meeting EOGM for Director Elections or any special resolutions required for the company.

  • Prepare financial analysis for the BM and reconciliation of Statutory and Corporate accounts to improve visibility of financials being discussed.

  • Preparation of Annual Report including Director’s report.

  • File all the required forms including Form A and Form 29.

  • Prepare minutes of the meetings and liaison for approvals.

  • Prepare circular resolutions as and when required and liaison for approvals.

  • Liaison for Dividend Remittance.

  • Coordinate for any other Companies Act compliance requirement as applicable from time to time. especially Register of Members, Directors, Beneficial Ownership, Related Party etc.

Withholding Taxes

Prepare and ensure:

  • Weekly payment of Income tax withholding from vendors including uploading of vendor information on FBR e-portal.

  • Timely submission of Statements of Income tax withholding including reporting of Exempt payments.

  • Timely provision of tax certificates to Customers/ Vendors.

Handling Tax Notices/Audits

Assist in preparation of responses including all workings to defend the interest of Chevron and minimise exposure:

  • Withholding tax monitoring notices which involves reconciliation of major head of expenses with the income and sales withholding taxes deposited during the period.

  • Assessment and Audit notices in which Income tax authorities review and require explanation/evidences of various heads of income and expenses as declared in the latest submitted return

  • Sales tax audits which mainly involves all sales / income and purchases / expenses have correct sales tax treatment and payment. It also involves providing reconciliation of inventory.

  • All other notices including questions on admissibility of input taxes and other inquiries/notices for information/explanation raised by tax authorities from time to time.

Sales Tax

Contribute to ensure timely and correct submission of sales tax including e-filing of Federal and Provincial returns:

  • Ensure complete data collected from users relating to input tax and sales tax withholding of vendors and customers.

  • Review for accuracy in terms of requirement of e-filing as well as legal correctness of taxes being reported.

  • Ensure timely and presentable reconciliation between GL and sales tax returns.

  • Follow up for timely solution of reconciling / open items in a timely manner.

  • Coordinating with Tax Authorities / Tax Consultants / Customer / Vendors to resolve the areas of interpretation or issues relating to e-filing to avoid penalties and defaults.

Tax Advisory and Engagement Planning

Handle queries from across the board from Customers, Vendors, Finance, Business unit, Auditor’s and Govt. on a regular basis to satisfy all stakeholder needs relevant to the tax area.

Advice Business Units to ensure compliance with the laws, especially for new business deals /scenarios.

Manage other consultant engagements including review of contracts by Legal and Corp tax and obtaining business approvals. Also ensure that their respective invoices are paid on a timely basis.

Ensure proper documentation is maintained for all tax cases and engagements.

Advance Income Tax and Filing of Annual Income Tax Returns

Ensure timely submission of Income tax return of Chevron Pakistan Lubricants (Pvt) Limited including:

  • Manage the collection and analysis of data from internal users and liaison with Vendors / Customers where required to collect all the supporting documents;

  • Coordinate with Tax Consultants to prepare income tax returns, supporting schedules and workings

Also, liaison with the region and tax consultant to ensure submission of the affiliates namely Chevron Global Energy Inc. and Chevron Lubricants Holding PTE Limited.

Payment & filing of Quarterly Advance Income Tax estimate

Seek Exemption of Income tax withholding to avoid tax leakages and to achieve process simplification. Also, assist in obtaining exemption for Employee Funds.

Assist in filing of Returns and Withholding Statements of Employee Funds.

Tax Planning & Process Improvement to reduce Tax Exposure

Work on Improvement of Business Processes by regular engagement with all relevant stake holders to:

  • Enhance organization capability to reply to tax authorities and auditors in a quick and effective manner including Digitalization/Automation of reports which are regularly required and involve Big Data.

  • Cover potential gaps by reviewing transactions as per the applicable legal framework by suggesting improvements required to avoid/minimize potential exposures.

Ensure effective communication and collaboration with stakeholders across the board involving business, regional and global teams, consultants etc for positive change management.

Regularly examine opportunities for tax savings including Tax benefit on Investments in Plant and Machinery. Ensure to arrange relevant documentation to support claim.

Other Compliances under Tax and Corporate Law

  • Ensure compliance of Transfer pricing regulations including the Country by Country reporting, Master File and the preparation of Local File.

  • Other one time or regular compliances as introduced from time to time e.g. Brand licensing, CDC regulations etc

    Chevron participates in E-Verify in certain locations as required by law.

Chevron is an Equal Opportunity / Affirmative Action employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status, or other status protected by law or regulation.

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