Tax Manager Mexico (Xico)

Tax Compliance

• Ensuring company meets all tax obligations in Mexico by preparing and submitting tax returns, tax computations and any other necessary forms.
• Work with the United States Tax Headquarters to prepare Tax Packages for Mexico.
• Collaborate shoulder to shoulder with Finance Shared Service Center and market controller to prepare market statutory monthly trial balance.
• Deal with Tax authorities on a day to day basis, respond to information requirements from them in a timely manner and manage audits.
• Work with market controller and auditors to present yearly Tax Opinion.
• Implement all reforms on Tax Laws to the company with effective results and ensuring full compliance.

Tax Planning

• Preparation and analysis of changes in Tax law and considering company's affairs within law to minimize future Tax liabilities.
• Based on analysis of financial forecast, prepare the Income Tax as well as Profit Sharing considering all aspects for Fiscal - Accounting Reconciliation.

Position Responsibilities

• Prepare VAT working papers for Mexico.
• Prepare and present favorable VAT refund filings.
• Monitor all VAT balances and work with the market controller and the Shared Service Center to coordinate records needed in SAP so that balances can duly reflect the favorable balance for the company.
• Review all documentation to meet all Tax law requirements, important for the corporation to create an archive which can help to submit all tax burden to the government, avoiding tax risks and no allowed deductions.
• Analyze and validate accounting information needed to determine the tax prepayments.
• Calculate tax prepayments and validate in order to present them before the authority in a timely manner.
• Monthly submission of tax compliance returns in accordance with Mexican Tax Legislation (SAT) for all taxes (VAT, Special Tax on Production and Services, Income Tax, Withholding Tax of third parties).
• Coordinate with foreign trade and supervise all imports or exports in a master file to assign the correct tax treatment of each one.
• Prepare, schedule and validate inventory destruction, which has an important deduction impact on the company and presenting to the government all forms required to conform the annual calculation.
• Calculate and prepare quarterly informative tax returns on Special Tax on Production and Services.
• Control and offset company favorable balances to the government to be compliant.
• Research, analyze and interpret changes in tax legislation and anticipate the impact on the company’s P&L.
• Determine, analyse and prepare annual tax return according to applicable laws and requirements.
• Determine and analyze profit‑sharing taxable base calculation under tax law frame.
• Determine and analyze fiscal accruals.
• Comply with all authority special requests in a full and timely manner.

ONE SOURCE – Tax Package

• Determine roll forward to income tax through the system on US GAAP.
• Determine roll forward to deferred tax through the system on US GAAP.
• Manage the return to provision in order for the company to obtain the final taxable base with the final figures on audit to tie it up against accounting.
• Manage true‑ups to integrate deferred tax for both US and MEX GAAP without affecting the effective tax rate.
• Provide detailed tax analysis on items that conform all deductible and non‑deductible entries with supporting law documentation.
• Record all tax effects on accounting as well as perform reconciliations to inform items through Cadency system.
• Reconcile all items between One Source – tax returns – accounting – Mex tax compliance in order to control each balance on every work frame.
• Report to the US tax corporate through the tax contingency portal all important issues of the company regarding taxes.

Transfer Pricing

• Get a transfer pricing study assessing all principles within arm’s length so that the legal entity can choose the most adequate method to be evaluated and obtain the range according to the income tax law.
• Supervise inter‑company transactions between each entity of the group in order to ensure markups are within the profit ranges mandated by the authority.
• Provide elements to determine the correct transfer price to Belgium principal which can convey to auditors all information to perform the annual transfer pricing report.
• Fill out annexes of SIPRED to be presented before the Mexican fiscal authority.
• Elaborate, supervise and submit local file and all informative tax returns to the government.
• Coordinate with United States headquarters in order to get the master file under the OECD regulation as well as complying with Mexico’s to deliver it to the officers.