Neuberger Berman APAC Tax Manager in Hong Kong
Responsible for oversight of all Group tax, Fund tax and client tax matters in the Asia-Pacific region. Work closely with other members of Group Tax, Finance and other teams as required, to ensure that all tax matters regionally are addressed holistically in line with the Group’s tax strategy.
The role is the Group’s first and currently its sole in house tax representation in Asia Pacific.
Engage with management on a regional and global basis to understand the business and its tax risks, to support its growth and development;
Communicate the Group’s tax strategy, tax risk appetite and supporting frameworks then work with local management to ensure the Group’s Asia-Pacific businesses operate within those parameters;
Keep up to date on developments in the business and on developing trends in taxation regionally and work with local management, Finance and other members of Group Tax to ensure any implications for the Group’s tax profile regionally are understood and appropriately responded to;
Be the primary point of contact for tax advisors in Asia-Pacific, looking to mitigate external spend;
Work with local management, other members of Group Tax and tax advisors to identify and where appropriate take advantage of potential tax efficiencies and to ensure all tax risks are understood and managed effectively.
2. Corporate taxes
Understand corporate tax regimes in each Asia-Pacific territory in which the Group has a filing requirement; the Group currently has employees in Hong Kong, China, Taiwan, Singapore, Australia, Japan, Korea and Singapore.
Responsible for reviewing and approving all corporate tax returns regionally, prior to signature by local management;
Review of tax return refund opportunities and ensuring that appropriate tax deductions are taken into account, including commercial assessment of cost versus benefit;
Monitor tax payment deadlines and advise Finance of any necessary payments for Asia-Pacific;
Work with other members of Group Tax and Finance to ensure that taxes are appropriately accounted for and disclosed within the Group’s consolidated financial statements and local statutory accounts, including oversight of regional ETR forecasting;
Responsible for overseeing filing and payment of Asia-Pacific withholding tax reclaims;
Responsible for monitoring business activity and permanent establishment thresholds in all Asia-Pacific territories.
3. Indirect taxes (GST and VAT)
Understand indirect tax regimes and obligations in each Asia-Pacific territory in which the Group has a filing requirement;
Understand indirect tax return processes in each Asia-Pacific territory;
Regular review of VAT and GST returns regionally;
Scope for potential tax refund opportunities.
4. Transfer pricing
Understand Group transfer pricing policy and US obligations insofar as they relate to the Group globally;
Understand regional transfer pricing reporting and documentation requirements;
Support the Group Head of Tax on all global and regional transfer pricing initiatives;
Responsible for overseeing all transfer pricing projects regionally, including documentation, policy updates and implementation;
Work with Group Head of Tax to critically assess and analyse CBCR outputs at a global and regional level.
Assistance with intercompany loans, and cash deployment support, including seed capital, dividends and other capital repatriation;
5. Operational taxes including Managed Funds
Understand and monitor all tax obligations of Managed Funds distributed or managed in Asia Pacific, ensuring that all tax filing and/or payment obligations and disclosures in offering documents are appropriately monitored and complied with, including corporate or income tax returns, capital gains tax returns and any other tax filings as required. Particularly pertinent given the increased push into local markets, incl onshore fund ranges in Australia, China and Taiwan,
Develop tax relationships with service providers locally and regionally, including custodians, trustees and Big 4 firms;
Work with members of Group Tax and local management to implement operational procedures to effectively manage operational tax risks within the Group’s Managed Funds, including periodic WHT reconciliations, review of investment markets, developing an understanding of investor taxation markets regionally, review of uncertain tax positions, and targeted reviews of tax filings made by all Managed Funds regionally;
Work with local and regional management and members of Group Tax to support launch of new products, termination of existing products, fund mergers or transitions and other corporate development activities.
6. Employment taxes
Review of Group equity related structures, including offering securities to new markets or employees;
Review of tax issues in establishing local tax efficient pension plans in certain jurisdictions;
Involvement in mobility and expat tax issues;
Assistance with or review of payroll taxes as required;
Field personal tax questions appropriately as and when they arise.
Work with management and advisors to manage relationships with tax authorities across the region, including dealing with any tax audits;
Represent the firm in external tax-related meetings, where appropriate;
Review and sign off on tax disclosures and tax clauses in IMAs, contracts and other external documents;
Provide advice and support to the business on ad-hoc tax matters as required, working with other members of Group Tax as required;
Support on multiple ad hoc issues or projects as required.
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Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 20 countries, Neuberger Berman's team is more than 1,900 professionals. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $299 billion in client assets as of March 31, 2018. For more information, please visit our website at http://www.nb.com .