Vice President, Direct Taxation

Job Purpose

• Lead the Group’s direct and indirect taxation, tax reporting and monthly closing activities.
• Ensure compliance with requirements issued by the Inland Revenue Board, Royal Malaysian Customs Department and other relevant regulators.
• Oversee e-Invoicing, SST implementation and other taxation-related projects.
• Coordinate effectively with internal stakeholders, tax authorities, regulators and external auditors.
• Act as Steward, Strategist, Catalyst and Operator by protecting the Bank’s assets, setting tax direction, driving improvements and maintaining an effective taxation function.

Job Responsibilities:

Tax governance and leadership

• Lead, supervise and develop the direct and indirect taxation teams, including resource planning, work allocation, review and succession planning.
• Establish and maintain the Group tax control framework, Tax Manual, standard operating procedures, maker-checker controls and evidence standards.
• Monitor tax developments, assess their impact and coordinate timely implementation across the Group.
• Escalate material tax exposures, compliance issues, control gaps and unresolved system deficiencies promptly.

Direct taxation

• Plan, coordinate and review corporate income tax returns, including Form C, for all companies within the Group.
• Review tax estimates and revisions, including Forms CP204 and CP204A, and monitor tax instalment payments, utilisation, refunds and offsets.
• Review monthly provisional tax, current tax and deferred tax computations for financial and Bursa reporting, including effective tax rate analysis and over- or under-provision tracking.
• Ensure withholding tax compliance for payments to non-residents and advise stakeholders on applicable tax treatment.
• Monitor new products, transactions and general ledger developments, and provide timely advice on direct tax implications.

Indirect taxation

• Oversee accurate and timely preparation, review and submission of monthly e-Invoice reporting and service tax returns and payments across the Group, supported by robust checks and analysis.
• Oversee indirect tax reporting obligations, including withholding tax, stamp duty and annual transfer pricing documentation, and ensure compliance with applicable IRB and RMCD requirements.
• Provide technical advice and assistance for internal and external requests involving indirect tax data analysis, reconciliations, e-Invoice issuance, reporting and operational implementation.
• Ensure indirect tax positions are correctly reflected in systems, general ledgers, invoices, reconciliation reports and regulatory or management reporting, and coordinate with consultants and vendors to troubleshoot e-Invoice and SST system functionality.
• Lead responses to customs audits, queries, reviews and information requests, supported by complete documentation and clear issue ownership.

Job Requirement

Skills

• Ability to provide leadership as well as be a team player
• Ability to communicate effectively

• High degree of integrity
• Ability to observe strict time management
• Ability to exchange ideas & information in a concise & logical manner

• Ability in handling problem and provide solution and decision making

Knowledge

• Good working knowledge of taxation standards, SST technical knowledge.

• Good knowledge of banking industry compliances requirement, this include Companies Act,

     BAFIA Act, various BNM guidelines & Bursa Malaysia Listing Requirement, Custom guideline, Inland Revenue ruling.

Experience

• More than 10 years of working experience

Qualification

 Degree in Accounting, Finance, Taxation or equivalent. Membership of a recognised professional accounting or tax body is preferred.