Position Overview:

The Tax Specialist is responsible for managing the company's tax compliance and advisory services, with a specific focus on corporate tax and VAT within the UAE, while taking into account the unique tax considerations of the oil and gas industry. This role involves preparing and reviewing tax filings, ensuring compliance with local tax laws, providing strategic tax advice, and working closely with the finance and operations teams to manage tax risks and optimize the company’s tax position.

Key Responsibilities:

1. Corporate Tax Compliance and Planning:Ensure timely and accurate preparation, filing, and payment of corporate taxes in accordance with UAE tax laws, with specific considerations for oil and gas operations.
   Analyze corporate tax liabilities, ensuring all deductions, exemptions, and credits applicable to the oil and gas sector are correctly applied.
   Support in the preparation of tax provisions for financial reporting and ensure correct tax accounting for oil and gas assets.
   
2. VAT Compliance and Advisory:Handle VAT compliance processes, including the timely preparation, submission, and reconciliation of VAT returns, ensuring the correct treatment of VAT for oil and gas activities.
   Provide VAT advisory services, including managing VAT on imports, exports, and cross-border transactions, common in the oil and gas industry.
   Work closely with procurement, logistics, and operations to ensure correct VAT application on supplies and services related to exploration, production, and refining.
   
3. Industry-Specific Tax Advisory:Advise on tax-efficient structures and transactions within the oil and gas industry, including joint ventures, Production Sharing Agreements (PSAs), and investment in upstream/downstream activities.
   Ensure compliance with UAE tax regulations and the special provisions that apply to oil and gas contracts, capital expenditures, and royalties.
   Provide strategic advice on tax planning opportunities, including those related to asset depreciation, transfer pricing, and other industry-specific tax incentives.
   
4. Tax Reporting and Documentation:Ensure all tax-related financial information, such as deferred tax assets and liabilities, is accurately reported, taking into account the long-term nature of oil and gas investments.
   Maintain comprehensive documentation of all tax filings, especially regarding complex transactions such as capital projects, equipment imports, and long-term service agreements.
   
5. Tax Audits and Disputes:Assist in managing tax audits and inquiries from the UAE tax authorities, particularly those related to oil and gas taxation issues.
   Prepare and provide supporting documentation and analyses for any disputes or inquiries, ensuring compliance with UAE tax laws.
   
6. International Tax Considerations:Advise on international tax implications of cross-border transactions, including withholding taxes, double taxation treaties, and transfer pricing policies, specifically for multinational oil and gas operations.
   Manage tax reporting for expatriate employees, ensuring compliance with UAE and international tax regulations.
   
7. Compliance & Regulatory Updates:Stay updated on changes in UAE corporate tax and VAT regulations, and their specific applications to the oil and gas industry.
   Ensure company compliance with all regulatory requirements, implementing necessary changes to internal tax processes.
   
8. Cross-Department Collaboration:Collaborate with the finance, legal, procurement, and operations departments to ensure tax compliance across oil and gas business activities.
   Provide internal training and guidance on tax issues, particularly in relation to VAT and corporate tax, for departments involved in oil and gas projects.