Tax Manager - Lotte Akhtar Beverages (Pvt) Ltd - FMCG (PEPSI COLA BOTTLERS) - Lahore
(2012-01)
- Assisting Tax Director with accounting for Income Taxe and Sales Tax VAT compliance in USA and Germany for quality audits compliance.
- Review and submission of Federal and State Annual Income Tax return in accordance with applicable tax laws.
- Review and submission of Federal and State monthly VAT Sales Tax return in accordance with applicable tax laws.
- Review and submission of Federal and State monthly VAT Provincial Sales Tax return in accordance with applicable tax laws.
- Quarterly filing of Federal Advance Income Tax Return.
- Review and submission of Withholding Federal and Provincial Income Tax and weekly / monthly and annually VAT Sales Tax returns/ statements in accordance with applicable tax laws.
- Compliance of Corporate matters under SECP in accordance with applicable tax laws.
- Compliance of Show Cause Notices issued by Federal and Provincial Authority to mitigate tax risks.
- Filing of Appeals before First Appellate Authority against Assessment Order passed by Federal and Provincial Authority.
- Support and drive to Tax Lawyers and Consultants against tax exposure challenged before Courts to minimize tax contingencies notes in Financial Statements.
- Attending physically hearings with Lawyers / Consultants before Pakistani Courts including First and Second Appellate Forums and High Courts and Supreme Court.
- Timely arrangement of stay orders to avoid tax recovery.
- Implementation of Digital Sales Tax Invoicing system as per FBR Laws.
- Daily submission of production and sales report to FBR Officials deputed at Company Plant for physically monitoring under 40B of Sales Tax Act.
- Monthly Reporting to Head Office, Korea regarding tax provision and tax contingencies notes after monthly closing of accounts.
- Monthly Reporting to Head Office, Korea regarding pending tax litigation in Courts.
- Reporting of Annual Tax Provision to Head Office Korea.
- Monthly preparation of budget for tax consultants payments and other legal expenses.
- Review of Annual tax expenses budget with actual results for next year planning.
- Monthly forecast of tax payments to cash flow planning Department.
- Preparation and submission of Annual Business Plan (AOP) to Head Office, Korea.
- Review of Annual Business Plan with Head Office at year end for evaluation of Tax Department performance for annual appraisal.
- Filing of Ex pates Annual Income Tax Return.
- Quarterly and annually submission of KPI's and Objectives of Every Employees for performance evaluation.
- Reporting to Head Office for next five years business and tax planning.
- Professional challenges by utilizing interpersonal skills with unique experience of De-Merger of M/s Riaz Bottlers(Old Company) which was acquired by Korean Group M/s Lotte Chillsung with 51% share holdings (New Company).
- Difficult challenges were faced after acquisition of new company by acquiring all business with Assets and Liabilities, Licensees, Rights and Approvals of old Company as per Scheme of Arrangement of Lahore High Court.
- After De-Merger, faced practical challenges; SECP Compliance, Land Transfer, Banks Loan Transfer, Govt Licenses, FBR Record and Courts Litigation transfer etc.
- Researched and analyzed tax developments and applications to specific business situations.
- Prepared related tax disclosures for statutory or GAAP financial statements and miscellaneous state and local tax filings.
- Supported financial director with special projects and additional job duties.
Assistant Manager Finance and Imports & Exports - Lotte Akhtar Beverages (Pvt) Ltd - FMCG (PEPSI COLA BOTTLERS) - Lahore
(2010-01 - 2011-12)
Additional role and responsibilities of imports and Exports with existing role of Finance Executive.
- Handling Imports through Letters of Credits and all Custom clearance matters.
- Clearence of PET Bottling Beverage Production Line from Germany @ 5% instead of @ 25% availing agro-based industry.
- Exports under DTRE Scheme and under refund regime under applicable Custom Laws.
Finance Executive - Lotte Akhtar Beverages (Pvt) Ltd - FMCG (PEPSI COLA BOTTLERS) - Lahore
(2008-03 - 2009-12)
Working in Finance Department and Procurement Planning Department which is under Finance Department to manage following functions:
- Work closely with all Banks regarding borrowing limits.
- Signing of JPP (Joint Pari Passu Agreement) from All Banks.
- Finance planning for all procurements.
- Opening letter of credits against procurement demand.
- Handling procurement of locally and imported materials.
- Procurement planning against production plan.
- Inventory management.
- All Insurance matters.
Manager Accounts - Z & J Hygienic Products (Pvt) Ltd - Master Group of Industries - Gujranwala
(2006-06 - 2008-03)
Manufacturing organization.
- Secured high-value accounts through consultative selling, effective customer solutions and promoting compelling business opportunities.
- Delivered engaging and polished presentations to build connections with potential customers and distinguish business from competitors.
- Educated clients on new products or services to increase customer engagement with brand.
- Listened attentively to client feedback to create stronger relations and shape business.
- Finalization of accounts Quarterly, Half Yearly and Annually.
- Budgeting, Forecasting and Financial Planning.
- Filing monthly VAT return and annually income tax return in accordance with applicable laws.
- Handling Leasing and Insurance matters.
