Assistant Manager-Insurance Premium Tax

Role overview

Assistant Manager-Insurance Premium Tax at KPMG

Stay up to date with changes in Indirect Tax laws and provide proactive advice to ensure compliance.

Responsibilities

• Work timings 8 AM to 5 PM (May differ depending on the profile) Roles & responsibilities
• Ensure accurate treatment of standard rated, reduced rated , zero rated and exempt transactions.
• Support timely filings of VAT returns and compliance with HMRC requirements.
• Support client with Making Tax digital (MTD) compliance process
• Support internal stakeholders on Indirect Tax questions, ensuring a clear understanding of tax implications for business transactions.
• Provide guidance and mentorship to team members on Indirect Tax issues and procedures.
• Assist in preparing Indirect Tax reconciliations and regular clearance of open items
• Support ad-hoc Tax projects or corporate restructuring efforts as required.
• Educational qualifications
• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• Work experience
• 5+ years of experience in Indirect Tax compliance, tax consulting, or a similar role.
• In-depth understanding of Indirect Tax laws and regulations, including VAT, GST, sales tax, and accounting.

Required qualifications

• Minimum qualification: Post Graduation

Preferred qualifications and skills

• Additional qualifications such as CA or equivalent certifications are preferred.
• Working experience with Indirect Tax APAC/ EMEA region and knowledge around IPT is an advantage.

Employment details

• Location: Gurgaon [Haryana] [India]

Additional role details

• Job details
• Proposed designation Assistant Manager
• Role type Individual contributor
• Reporting to Tax Manager
• Geo to be supported UK VAT
• Prepare and review UK VAT returns for financial service and real estate clients.
• Review VAT adjustments including partial exemption calculations, capital goods scheme adjustments (CGS) and reverse charge transactions.
• Validate data extracted from ERP systems and reconcile VAT returns to general ledger balances
• Identify and implement process improvements to ensure Indirect Tax compliance is handled efficiently and cost-effectively.
• Roles & responsibilities Training & Mentorship:
• Assist in training internal teams on Indirect Tax compliance and best practices.
• Other