Deputy Executive Manager, Tax (China)

Job Summary

Reporting to the Financial Controller - Corporate Accounting, Taxation and Governance Controllership (FC, CAT&GC), the Deputy Executive Manager, Tax (China) (DEMTC) oversees the Mainland corporate taxation function to ensure:

-    Timely and accurate corporate tax compliance with proper documentation.

-    An effective tax framework for Mainland China subsidiaries.

The DEMTC’s primary responsibility is to establish and monitor corporate control governance, internal guidelines, and tax-related protocols for the Group entities in China. The role includes providing strategic tax advisory and planning support for the Club’s business development in Mainland China, covering operations such as Conghua Racecourse, Grandstand, simulcast races, Beijing Clubhouse, and Shenzhen Centre.

Key duties include collaborating with business partners, Finance, and Big 4 tax consultants to support new initiatives and business developments in China. This involves developing new tax models and negotiating with tax authorities on matters such as Bilateral Advance Pricing Arrangements (BAPA).

The DEMTC also supports the FC CAT&GC in leading and managing the Corporate Taxation governance in China. Working closely with the Finance Division and under the FC CAT&GC’s guidance, the DEMTC ensures:

-    Process efficiency and the adoption of best practices in end-to-end tax processes and systems.

-    Full statutory compliance.

-    Regular review and enhancement of the tax governance framework.

-    Conducting regular health checks to ensure compliance and identify areas for improvement.

Major Tasks

1. Tax Compliance - Ensure timely and accurate corporate tax compliance for the Group’s entities in Mainland China:
•Internal Guidelines and Protocols: Develop and monitor tax internal control guidelines and protocols for Group entities in China, ensuring 100% compliance with local tax regulations.
•Tax Governance Framework: Strengthen governance and oversight of the taxation process for China entities by engaging Big 4 tax consultants to conduct tax health checks and establish a robust governance framework.
•Tax Model Optimization: Collaborate with Finance P&A and business partners to optimize the tax model and its implementation.
•Support for Tax Lobbying: Assist Corporate Affairs teams in lobbying tax authorities in Hong Kong and China to gain support for regular racing in Conghua Racecourse.
•Tax Advisory and Planning: Work with Finance and business partners to provide value-added tax advisory and planning for the Club’s business development in Mainland China, including Conghua Racecourse, Beijing Clubhouse, and Shenzhen Centre.
•Tax Return Oversight: Manage the governance and control processes for tax return filings, tax computations, and tax payments for various taxes (e.g., Corporate Income Tax, Value Added Tax, Individual Income Tax, Property Tax) for Mainland China subsidiaries.
•PE Risk Analysis: Identify and analyze potential permanent establishment (PE) risks for proposed business operations in Mainland China and provide mitigation recommendations to management.
•Withholding Tax Clearance: Collaborate with local finance teams to handle tax clearance, record filings, and related reporting, while negotiating with local tax bureaus for outbound payments.
•Tax Authority Management: Maintain effective communication with Mainland tax officials, responding in a timely and risk-averse manner.
•Tax Audits: Support local finance teams during tax audits by gathering data and preparing necessary documentation.
•Contract Review: Review tax-related terms in contracts and provide recommendations to mitigate potential tax risks.
 
2. PRC Tax Assessment and business model Development
•Business and Financial Model Development.
•Value-Added Tax (VAT) Advisory and Planning.
•Professional Tax Advice for Ad Hoc Projects.
 
3. Develop and maintain a robust Transfer Pricing policy for Mainland Entities
•Design Compliant and Efficient Transfer Pricing Policies
•Prepare and Maintain Transfer Pricing Documentation
•Support Advance Pricing Agreements (APA)
             
4. Establish and maintain an effective tax framework and protocol for Corporate Tax reporting in Mainland:
•Develop Comprehensive Tax Policies and Procedures.
•Strengthen the Tax Governance Framework.
•Collaborate with Local Finance Teams for Continuous Improvement.
 
5. Collaboration and Teamwork:
•Professional, Functional, and Technical Expertise: Maintain professional, functional, and technical expertise through continuous learning and development opportunities.
•Collaboration and Teamwork: Foster a culture of collaboration and open communication within the team and across departments to achieve common goals.

QUALIFICATIONS /EXPERIENCE

•          A university degree in accounting or related discipline

•          Professional qualification in accounting or taxation field

•          In-depth and solid knowledge of taxation in Mainland China

•          Proficiency in written and spoken English and Chinese (Mandarin is necessary)

•          +10 years’ experience in China tax practice, including solid experience working in Mainland China; Audit firm experience is preferred

•          experience in cross border corporate tax planning, tax modelling and transfer pricing is preferred

•          experience in negotiation and conclusion of APA with Mainland tax authorities is a plus

•          experience as in-house tax consultant of MNCs, professional accounting or law firms is preferred

•          effective communications with various stakeholders from diverse background

•          ability to multi-task and prioritize different requests

•          work location: Guangzhou

•          Other proficiencies

•          Proficiency in both written and spoken English and Chinese

•          uncompromising ethical standards

•          proficiency in using MS Excel, Word, and PPT

•          Excellent verbal and written communication skills, with the ability to engage effectively with stakeholders at all levels.

•          Strong interpersonal skills to build relationships and collaborate with cross-functional teams.